Spacemesh

Founded 2018 · $22.0M raised

Founded
2018
Business Model
B2C
Total Funding
$22.0M
Last Round
$4.0M Venture RoundDec 2021
Rounds
3

About

Spacemesh is a decentralized, layer-one blockchain protocol built around a novel proof-of-space-time consensus mechanism, designed to bring cryptocurrency to the masses by using idle computer storage that ordinary people already own rather than energy-intensive mining hardware. Its mission is to create a permissionless, decentralized network resistant to centralization pitfalls common in earlier blockchains. The protocol's official client implementation, go-spacemesh, powers the race-free consensus computer, and network participants earn the native SMH cryptocurrency for contributing unused storage.

Summary

Spacemesh is a Crypto & Web3 company, founded in 2018. It has raised $22.0M in total across 3 rounds, most recently a $4.0M Venture Round round in Dec 2021. Investors include Polychain Capital, Leland Ventures and Paradigm.

Tech & App Stack

6 technologies & apps tracked

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Funding History

Venture RoundVenture RoundDec 2021
$4.0M

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Investors

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