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# Blockchain tech startup Wayru raises $1.96 million in seed funding
- URL: https://www.techloy.com/blockchain-tech-startup-wayru-raises-1-96-million-seed-funding/
- Published: 2022-05-15T21:29:13.000Z
- Updated: 2022-12-08T00:37:05.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Tech in Latin America

[Wayru,](https://www.wayru.io/) a blockchain technology startup based in South America has raised $1.96 million in its seed funding round led by [Borderless Capital,](https://www.borderlesscapital.io/) a blockchain VC firm with participation from others. 

- The funding will be used to provide affordable internet access through blockchain technology, the startup claims.
- Wayru is providing people-owned and operated decentralised internet networks using fibre, wireless mesh, unlicensed spectrum and blockchain.
- Launched less than a year ago, the startup connects thousands of people daily on its first node deployed in South American low-income communities.
- BigBrain, Meld, LVT, Algorand Foundation, Lonely, Cogitent, Pulsar, Ferrum Network, 7 'OK, AI Goanna DAO, HNT Fund, SNACKLUB, and five angel investors participated in the round.