Blockmate Ventures is leading the charge in Web3 with its decentralized infrastructure and energy innovations [Video]

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) CEO Justin Rosenberg and Hivello Chairman Domenic Carosa shared some exciting news with Steve Darling from Proactive. Blockmate Ventures’ subsidiary, Hivello Holdings, has successfully secured a further 1.5 million dollars after receiving strong interest from investors following the announcement of a 1 million dollar raise in December 2023. The funding was secured as a Simple Agreement for Future Equity instrument fundraising round. Consequently once converted, the post-money implied valuation of Blockmate’s 67% stake is 6.7 million or 8.1 cents per Blockmate share1.

Blockmate Ventures specializes in creating and nurturing fast-growing technology businesses, with a particular focus on cutting-edge sectors such as blockchain, climate, and energy storage. This fundraising round represents a significant milestone for Blockmate Ventures, as it marks the first external raise for a venture built by the company. It serves as a testament to Blockmate’s dedication to developing solutions within rapidly growing sectors that have a positive global …