Pecunio VC Fund to lead equity investment in hubii
In another significant development for hubii, we can announce today that major crypto fund Pecunio has agreed to invest up to $3 million (USD) into the company and lead our upcoming equity funding round. This major development is the latest in a series of important milestones for the company and our revolutionary scaling solution, nahmii, which will be deployed to the public mainnet before Christmas.
Pecunio is a Dubai-based Venture Capital fund with a reputation for investing in high-quality crypto projects. Attracted by hubii’s proven track record and unique technology, Pecunio will be the lead investor in hubii’s funding round which is based on a pre-money valuation of $25 million (USD).
We anticipate that Pecunio’s investment will help fuel the growth of both nahmii and hubii’s digital asset manager, hubii core. This is a genuinely exciting moment for hubii, with the news of Pecunio’s investment following the announcement of our partnership with HitBTC and the ongoing deployment of nahmii. In this tough market, only projects that are delivering on their promises and building valued products are going to stand out. As always, stay tuned for more updates.
Pecunio is an asset management platform for safe and easy access for the future of financial markets through blockchain investments. As the United Arab Emirates’ (UAE) leading blockchain investment company, investors benefit from a sound business model, enabling investments into angel & venture capital (AC&VC) funds and high-end cryptocurrency funds. In addition, the investment platform focuses on settling B2B transactions with a gold-backed currency used as ‘gold-tether’.
After starting with success in the business of content distribution and aggregation with partners such as Panasonic, Mozilla and Telenor, the hubii team soon realised that the current distribution model was wholly inefficient and moved to apply blockchain technology to create a fairer and far more efficient type of distribution platform. The team soon discovered that even with the proposed upgrades to the Ethereum network, it would still be too slow to meet their needs. This is when nahmii came to be: hubii’s Layer 2 scaling solution for any blockchain. Built initially on Ethereum, it has been designed from the ground up for commercial use, with applications far beyond content distribution. nahmii brings blockchain-level security to payments, trading, IoT, gaming and countless other use cases.