PRATIK GAURI’S (SLP NEW DELHI, 2019) 5IRECHAIN (FIFTH-GENERATION BLOCKCHAIN) RAISES $11M IN FIRST TWO PRIVATE SALE ROUNDS AND SECURES INVESTMENT OF $1.1M FROM UAE VENTURE FIRMSMarch 12, 2022, 2:15 p.m.
Co-founded by SLP Fellow Pratik Gauri, 5ireChain is a fifth-generation blockchain that aims to solve the environmental concerns of blockchain. Its main goal is to create a user-centric sustainability-driven ecosystem. It aims to build a developer community to become the infrastructure of other crypto projects.
5ireChain completed its first private sale round of $1M led by Marshland Capital. The round witnessed participation from Jan Strandberg (Founder of Yield.app), Jad Zouk (Advisor at Private Office of HH SJM AlMaktoum UAE), Sky Ventures, Millionaire Mentor, and Tarang Bhargava (Founder of VCommission).
It also raised $10M in private sale from some well-known VCs and HNWIs. In addition, it received an investment of $1.1M from UAE-based Sanctum Global Ventures and Diamond Hands to scale its technology.
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