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§ Private Profile · London, England, United Kingdom
A Layer-1 blockchain network developing a sustainable ecosystem for enterprises, developers, and governments, integrating UN SDGs and ESG data.
Dubai and London-based 5ire develops a layer-one blockchain network that integrates environmental, social, and governance data into its consensus mechanism to support sustainability-focused Web3 applications. The platform utilizes a proprietary proof-of-benefit architecture that financially rewards network validators for adhering to United Nations Sustainable Development Goals. The enterprise has raised approximately $121 million in total venture funding across multiple rounds, reaching a $1.5 billion valuation and growing its corporate workforce to roughly 100 employees. 5ire is backed by institutional investors including SRAM & MRAM Group, Marshland Capital, and Moonrock Capital. The organization generates revenue through network transaction fees and enterprise partnerships, recently launching its public mainnet and listing its native token on major cryptocurrency exchanges such as Bybit. 5ire was founded in 2021 by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila.
5ire has raised $101.0M across 2 funding rounds.
5ire has raised $101.0M in total across 2 funding rounds.
5ire has raised $101.0M across 2 funding rounds. Most recently, it raised $100.0M Series A in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 15, 2022 | $100M Series A | Sailesh Lachu Hiranandani | — | Announced |
| Sep 30, 2021 | $1M Venture Round | David Marshall | JAN Strandberg, Pialy Aditya, Tarang Bhargava, Millionaire Mentor, SKY Ventures | Announced |
5ire has raised $101.0M in total across 2 funding rounds.
5ire's investors include Sailesh Lachu Hiranandani, David Marshall, Jan Strandberg, Pialy Aditya, Tarang Bhargava, Millionaire Mentor, Sky Ventures.