Blockmate Investee Hivello Successfully Raises USD$1M
TORONTO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), an innovative investment firm in the blockchain technology space, proudly announces that its 100% owned subsidiary, Hivello Holdings, has successfully completed a USD$1 million capital raise.
- TORONTO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), an innovative investment firm in the blockchain technology space, proudly announces that its 100% owned subsidiary, Hivello Holdings, has successfully completed a USD$1 million capital raise.
- This Simple Agreement for Future Equity (SAFE) instrument fundraising round places a pre-money valuation cap on Hivello at USD$5 million.
- The successful capital raise by Hivello is a significant validation of our investment strategy and Blockmate’s ability to recognize and nurture potential within the blockchain industry.
- Leveraging their extensive experience, they are now focused on building a new wave of decentralized infrastructure with Hivello.