DePIN startup DIMO completes $11.5 million Series A funding, led by CoinFund

2024-01-16 23:08:17

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ChainCatcher news, the DePIN startup Decentralized Infrastructure building the DIMO network has completed a $11.5 million Series A funding round, led by CoinFund, with participation from Slow Ventures, ConsenSys Mesh, Borderless Capital, Bill Ackman's Table Management, and former General Motors CEO G. Rick Wagoner Jr.

Digital Infrastructure is building the DIMO network, a decentralized automotive data protocol, and DIMO Mobile, an application that allows drivers to collect and view their own vehicle data and earn rewards through DIMO tokens.

Alex Felix, Managing Partner and Chief Investment Officer of CoinFund, will join the board of Digital Infrastructure. A company spokesperson told The Block that the Series A funding brings Digital Infrastructure's total funding to $22 million.

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