- 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.
The biggest venture capital deals we tracked by region during the past week across emerging markets globally.
We tracked more than 30 tech funding deals across emerging markets worth over $1.5 billion, with companies in Africa and Asia alone raising over $1 billion.
The Brazil-based venture fund, Maya Capital, has raised $100 million in its second fund round, to invest in early-stage deals for startups in Latin America. * The new funding is targeted at 20-30 startups in the region, with 50% earmarked for follow-on funding. * The fund will be deployed as 50% in