Hivello has raised $3.0M in total across 1 funding round.
Hivello's investors include Atomico, Blockchain Founders Fund, Blockchange Ventures, Founders Fund, Multicoin Capital, Adam Jackson, Eric Demuth, Johann "Hansi" Hansmann.
Hivello is a DePIN (Decentralized Physical Infrastructure Network) aggregator that enables users to earn passive income by contributing idle computer resources like CPU, GPU, bandwidth, and storage to multiple Web3 protocols via a simple desktop app.[1][2][3][4][6] Founded in 2022 and headquartered in Amsterdam, the company serves non-technical individuals worldwide, solving the problem of fragmented, complex DePIN participation by offering a unified, user-friendly dashboard that simplifies mining across networks without specialized hardware or expertise.[1][2][3][4] With $2.5 million raised as of February 2025 from investors like Blockchange Ventures and NGC Ventures, Hivello has integrated 11+ protocols, burned over 19 million $HVLO tokens, and supports Windows, macOS, and Linux for broad accessibility and growth momentum.[1][5][6]
Hivello was founded in 2022 by Domenic Carosa (Co-Founder & Chairman), Andrew Smith (Co-Founder & CEO), and Justin Rosenberg.[1][4] Carosa brings over 25 years in business and technology, including founding TSX-listed fintech Banxa Holdings, co-founding Apollo Crypto, and investing in 50+ tech companies via Dominet Venture Partners; Smith has 15+ years in online, mobile, and FinTech, with prior roles at Banxa.[4] The idea emerged to democratize DePIN access amid a fragmented market of 1,000+ projects requiring steep technical knowledge, allowing everyday users to mine Web3 protocols using spare device resources.[2][3][4] Early traction included product launch, funding rounds, and integrations like Theta Network and Nosana, building toward a scalable platform with AI personalization planned by Q3 2025.[3][5]
Hivello rides the DePIN trend, a $14B market layer bridging blockchain with real-world infrastructure like IoT, AI, wireless, and data storage, enabling global resource sharing without centralized control.[1][2][3][5] Timing aligns with Web3's push for decentralization, countering centralized social media by empowering users as active participants who own data and earn from contributions, amid rising demand for accessible crypto mining.[2][3][4] Market forces like fragmented DePIN projects and non-technical user hesitation favor Hivello's aggregator model, which influences the ecosystem by onboarding mass users, strengthening networks via aggregated resources, and accelerating adoption through partnerships and scalability.[3][5]
Hivello is poised to expand as the go-to DePIN gateway, with roadmap milestones like additional protocol integrations, EVM-compatible blockchain support, and AI-driven personalization by Q3 2025 driving user growth and rewards.[3] Trends like DePIN's maturation, AI-blockchain convergence, and passive income demand will shape its path, potentially elevating its role in a fairer, user-owned internet.[2][4] As adoption scales, Hivello could redefine Web3 entry, turning everyday devices into earners and amplifying decentralized infrastructure's global impact—unlocking participation for all, just as its app simplifies the complex world of DePIN.[1][3][6]
Hivello has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in December 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2023 | $3.0M Seed | Atomico, Blockchain Founders Fund, Blockchange Ventures, Founders Fund, Multicoin Capital, Adam Jackson, Eric Demuth, Johann "Hansi" Hansmann |
