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Pell Network Secures $3M Funding to Build Omnichain DVS Network Cryptonomist 18 Oct 2024

Pell Network Secures $3M Funding to Build Omnichain DVS Network 💰

Pell Network, based in London, has secured $3 million in pre-seed funding to advance its Omnichain Decentralized Validation Services (DVS) network. The funding round took place on October 16, 2024.

The round was co-led by notable investors including Paper Ventures, Halo Capital, and Mirana Ventures. Additionally, D11-Labs, an incubator, and the Delta Blockchain Fund were key contributors to this funding initiative.

This significant financial boost is aimed at propelling Pell Network's development and operations, positioning them as a significant player in the decentralized validation sector.

Source: en.cryptonomist.ch ↗