HomeStartupIndia's Fastest Unicorn Startup in Just 250 Days: 5ire

India’s Fastest Unicorn Startup in Just 250 Days: 5ire

Unicorn 5ire, a fifth-generation Level 1 blockchain network, brings sustainability, technology, and Innovation to build the 5th industrial revolution (5IR).

The Web3 start-up had earlier raised $21 million in its seed round at a valuation of $110 million with participation from private and institutional investors like Alphabet and Marshland Capital, among others.

Recently, In July 5ire a fifth-generation blockchain network raised $100 million in a Series A funding round at a $1.2 Billion valuation, company raises a total of $221M in funding over 4 rounds.

Founded by Prateek Dwivedi, Pratik Gauri, and Vilma Mattila, proponents of blockchain technology, in August 2021, the mission of the 5ire ecosystem is to embed the for-benefit paradigm at the heart of the blockchain, highly incentivise practices that align with the United Nations Sustainable Development Goals (SDGs), facilitate the transition from the 4IR to 5IR and accelerate the implementation of the UN 2030 Agenda for Sustainable Development.

The company’s primary offering is 5ireChain, a first layer, sustainability-driven 5th generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and serving humanity.

Funding DateTransaction InNo. of InvestorFunding Amount
July 14 2022
Series A – 5ire
March 29 2022
Initial Coin Offering
Feb 14 2022
Private Equity Round
Oct 28 2022Seed Round13$21


Here above full details in Table, Company raised $221 (INR 1760 Crore) in 4 rounds in 257 days and become India’s Fastest Unicorn.

Ankush Kumar
Ankush Kumar
Ankush Kumar is the Founder of Market Money. He is an expert in Banking and Finance. He has appeared in B.Com (Banking & Finance) From Govt. College in Lucknow.

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