dClimate : Raises $3.5 Million Seed Round With Support from CoinFund, Multicoin Capital and Republic Labs to Create the First Decentralized Network for Climate Data
04/08/2021 | 11:11am EDT
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NEW YORK, April 8, 2021 /PRNewswire/ --
dClimate, the first decentralized network for climate data, today announced it has closed an oversubscribed $3.5 Million seed financing round led by CoinFund, with participation from Multicoin Capital and Republic Labs. The funds were raised in exchange for the network's native governance token, WTHR, and will be used to hire development talent and expand the network's data trove by attracting more participants to the marketplace.
"We are privileged to have CoinFund, Multicoin Capital and Republic Labs as partners in our mission to build a network that works to solve the many issues currently plaguing the climate data ecosystem," said Sid Jha, a founding partner of dClimate. "Businesses large and small, governments, professional sports teams and multinational corporations all have one thing in common. They rely on this critically important information about our planet and its complex ecosystems to make informed decisions and to plan for the future. This fundraising round will now allow us to do the important work to build dClimate and give businesses and organizations a unique new tool to build resilience against volatile and adverse weather."