Private Round Closed — 44x Oversubscribed
Pinknode’s private fundraising has been a great success, attracting over US$31 million in investment interest.
Pinknode’s private round of investment has now been closed and we are pleased to announce that we have received US$700,000 in investor funding. Pinknode’s CEO, Eric, expressed his gratitude, “We are humbled by and grateful for the generous support and trust showed by our investors. In the next quarter of 2021, we aim to do our VC investors proud by bringing Pinknode closer to its goal.”
Our investors included Astronaut Capital, Moonrock Capital, Petrock Capital, Momentum 6, X21 Digital, Signum Capital, Faculty Capital, Digital Strategies, AU21 Capital, White Palm Ventures, Das Kapital and Eric Wang from Parity Technologies. We received an overwhelming US$31 million in total initial investment open interest, 44x oversubscribed. Pinknode’s investment partners were chosen based on our collaborative compatibility and their faith in Pinknode’s potential to revolutionise development on Polkadot.
“We are excited to be the strategic partner of Pinknode. As a builder and investor, Digital Strategies believes middleware infrastructure like Pinknode plays a crucial role in Web 3.0 and the Polkadot Ecosystem. We see the great potential and a significant competitive advantage in the upcoming Polkadot / Kusama launch. Pinknode provides Polkadot/Kusama parachains efficient and secure Node-as-a-service solutions that remove the complexity and hassle of building and maintaining the middle-layer of a blockchain.”
Yao, Partner at DigiStrat
After we finalised our corporate structuring and commenced with the development of our MVP, our private sale commenced. In our private round, 28 million PNODE tokens were exchanged for US$700,000. Given that our total PNODE token supply is capped at 200 million, the PNODE tokens sold in our private round make up 14% of our total supply. The PNODE round token price was marked at $0.025.
Pinknode is the first Polkadot-based Infrastructure-as-a-Service project with the goal of accelerating adoption and empowering innovators to create the most promising Web 3.0 meta protocol. By providing API endpoints through a streamlined onboarding process and maintaining reliable node infrastructure, Pinknode helps innovators jumpstart development quickly and accelerates product life cycles.