DePIN project GEODNET completes strategic financing of over 2 million US dollars, with participation from CoinFund, Pantera Capital and others

BlockBeats reported that on April 17, the GEODNET Foundation announced the completion of more than $2 million in strategic financing, with participation from CoinFund, Pantera Capital, VanEck and Santiago R. Santos. The additional funds raised will support the foundation in achieving its short-term goals, including decentralization and developer ease of use.

Previously, GEODNET completed $1.5 million in financing in July 2023, led by Borderless Capital; and $3.5 million in financing in February 2024, led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, Reverie, Borderless and IoTeX.