HyveDA - About the company
HyveDA is a seed company based in Montreal (Canada), founded in 2023 by Douwe Faasen. It operates as a Provider of decentralized data infrastructure for real-time Web3 applications. HyveDA has raised $1.85M in funding from Lemniscap. The company has 1312 active competitors, including 288 funded and 29 that have exited. Its top competitors include companies like Mysten Labs, Aptos and Solana.
Company Details
Provider of decentralized data infrastructure for real-time Web3 applications. The infrastructure strengthens Web3 ecosystems by reintroducing fees as validator rewards in native tokens. Users gain access to decentralized data with speeds comparable to centralized solutions. The layered approach consists of a data layer, a content delivery network, and a developer suite.
Key Metrics
Founded Year
2023
Location
Montreal, Canada
Stage
Seed
Total Funding
$1.85M in 1 round
Latest Funding Round
Ranked
383rd among 1312 active competitors
Similar Companies
Sign up to download HyveDA's company profile
HyveDA's funding and investors
HyveDA has raised a total funding of $1.85M over 1 round. Its latest funding round was a Seed round on Oct 18, 2024 for $*****. 4 investors participated in its latest round. HyveDA has 4 institutional investors.
Here is the list of recent funding rounds of HyveDA:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 18, 2024 | 4423607 | Seed | 9770060 | 6779287 | 1608970 | 3682607 |
Access funding benchmarks and valuations. Sign up today!View details of HyveDA's funding rounds and investors
HyveDA's founders and board of directors
Founder? Claim ProfileThe founders of HyveDA is Douwe Faasen. Douwe Faasen is the CEO of HyveDA.
Here are the details of HyveDA's key team members:
- Douwe Faasen: Co-Founder & CEO of HyveDA.
View details of HyveDA's Founder profiles and Board Members
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
HyveDA's Competitors and alternates
Top competitors of HyveDA include Mysten Labs, Aptos and Solana. Here is the list of Top 10 competitors of HyveDA, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 82/100 | |
2nd | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 80/100 | |
3rd |  Solana 2010, San Francisco (United States), Series C | Blockchain-based infrastructure for transactions and counting | $374M | 79/100 | |
4th | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 78/100 | |
5th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 75/100 | |
6th | Blockchain-based public network for decentralized applications | - | 71/100 | ||
7th |  DFINITY 2014, Palo Alto (United States), Series C | Blockchain-based public network for building decentralized applications | $164M | 69/100 | |
8th |  Avalanche 2018, Tortola (United Kingdom), Funding Raised | Provider of smart contracts platform for decentralized application development | - | 68/100 | |
9th | Concordium 2018, Cham (Switzerland), Series B | Provider of Layer 1 blockchain platform | $15M | 67/100 | |
10th |  Celestia 2011, Vaduz (Liechtenstein), Series C | Blockchain-based modular consensus and data network | $204M | 67/100 | |
383rd | Provider of decentralized data infrastructure for real-time Web3 applications | $1.85M | 31/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on HyveDA's competitors? Click here to see the top ones
HyveDA's Investments and acquisitions
HyveDA has made no investments or acquisitions yet.
Reports related to HyveDA
Here is the latest report on HyveDA's sector:
News related to HyveDA
•
Modular DA solution Hyve DA completes $1.85 million seed round of financingPANews•Oct 18, 2024•HyveDA, Lemniscap, Paper Ventures, Frachtis and 2 others
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about HyveDA
Explore our recently published companies
- Juno Industries - Ottawa based, Seed company
- Ryan Litfin - Eden Prairie based, 2008 founded, Seed company
- Cigenergy - Shenzhen based, 2014 founded, Funding Raised company
- National Commodity & Derivatives Exchange - Mumbai based, 2003 founded, Series B company
- Raj Petro Specialities - Chennai based, 1997 founded, Acquired company
- Valvoline - Lexington based, 1866 founded, Unfunded company
