Sending Network is a technology company.
Sending Network has raised $21.0M across 2 funding rounds.
Sending Network has raised $21.0M in total across 2 funding rounds.
Sending Network has raised $21.0M in total across 2 funding rounds.
Sending Network's investors include 500 Global, Archetype, Infinity Ventures Crypto, Madrona Venture Labs, OneValley Ventures, Peak, Aleksander Leonard Larsen, Charlie Songhurst, Alpha JWC Ventures, DST Global, Insignia Ventures Partners, Y Combinator.
Sending Network is a decentralized real-time communication (RTC) infrastructure developed by Sending Labs, a product studio focused on building Web3-native solutions for chat, payments, and data ownership.[1][3][4] It powers applications like SendingMe, an all-in-one decentralized messenger that integrates protocols and dApps, serving games, wallets, DEXs, dApps, and communities by enabling seamless, encrypted interactions without centralized control.[1][5] The platform solves key Web3 problems—such as data privacy, high costs, and reliance on Web2 infrastructure—through a layered stack: application (e.g., SendingMe), protocol (core RTC with wallet-based addressing), and DePIN (Edge Router hardware for idle bandwidth monetization).[1][3] Growth momentum stems from its extensible design targeting the $150 billion Web2 RTC market, with hardware miners incentivizing user participation via PoW/PoS tokenomics.[1]
Sending Labs emerged as a product studio dedicated to decentralized internet and encrypted RTC for Web3, with Sending Network as its flagship protocol.[1][3] The idea arose from critiques of Web2's centralized control over IP, DNS, and communication, aiming to build a low-cost, high-efficiency alternative using blockchain accounts and on-chain verification.[1][3] Pivotal early traction includes launching SendingMe as the first demo app on the network, demonstrating integrated chat, payments, and transfers across blockchains and CEXs, while expanding to support broader protocols like VPN and DNS.[1][5] The project's evolution emphasizes DePIN hardware like the Edge Router to replace traditional routers, leveraging idle bandwidth for sustainable ecosystem value.[1]
Sending Network rides the DePIN and Web3 communication trend, decentralizing the massive Web2 RTC market by replacing centralized IP/DNS with blockchain-verified protocols.[1][3] Timing aligns with rising demand for privacy-focused infrastructure amid regulatory scrutiny on big tech and Web3's maturation, where dApps need owned-user-data solutions.[1][4] Market forces like idle bandwidth underutilization and high data costs favor its Edge Router, creating network effects through shared resources and token incentives.[1] It influences the ecosystem by empowering developers to build sovereign social features, accelerating Web3 apps' shift from Web2 dependencies toward a fully decentralized internet.[3][6]
Sending Network is positioned to capture Web3 messaging dominance through its full-stack DePIN approach, with next steps likely expanding Edge Router adoption and protocol integrations for mass-scale dApps.[1][3] Trends like tokenized bandwidth economies and wallet-centric identities will propel growth, potentially disrupting centralized providers as DePIN hardware proliferates.[1] Its influence may evolve into a foundational Web3 utility layer, enabling privacy-first social and trading experiences at Web2 speeds—reinforcing its mission to democratize the internet from the ground up.[3][6]
Sending Network has raised $21.0M across 2 funding rounds. Most recently, it raised $8.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $8.0M Seed | 500 Global, Archetype, Infinity Ventures Crypto, Madrona Venture Labs, OneValley Ventures, Peak, Aleksander Leonard Larsen, Charlie Songhurst | |
| Feb 1, 2023 | $13.0M Seed | Alpha JWC Ventures, DST Global, Insignia Ventures Partners, Y Combinator, David Vélez |