When was Peaq founded?

Peaq was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is Peaq located?

Peaq is headquartered in Berlin, Germany.

Which legal entities is Peaq associated with?

Peaq is associated with EoT Labs GmbH and 2 others.

How many employees does Peaq have?

As of May 31, 2026, the latest employee count at Peaq is 58.

Is Peaq a funded company?

Peaq is a funded company, having raised a total of $24.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 16, 2020.

When was the latest funding round of Peaq?

Peaq's latest funding was a $***** Series A round on Mar 20, 2025, with participation from 1 investor. Its primary sector is Internet of Things Infrastructure. In Germany, the Internet of Things Infrastructure sector has seen $12M in funding in 2026 to date.

Where does Peaq rank among its competitors?

Peaq ranks 3rd amongst 39 active competitors, of which 11 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was IoTeX, which secured an undisclosed amount in Aug, 2025.

Who are the top competitors of Peaq?

Peaq's top competitors include IoTeX, IOTA and Minima Global. Among them, IoTeX secured the most recent funding round in August, 2025.

Peaq - 2026 Company Profile, Team, Funding, Competitors & Financials

Peaq is a series A company based in Berlin (Germany), founded in 2017 by Max Thake, Leonard Dorlochter, Julia Ponitzsch, Till Wendler and Pavel Fomenko. It operates as a Developer of a layer-1 blockchain for machine and device economies. Peaq has raised $24.9M in funding from investors like Scherzer & Co, Fundamental Labs and Borderless Capital. The company has 39 active competitors, including 11 that are funded. Its top competitors include companies like IoTeX, IOTA and Minima Global.

Company Details

Developer of a layer-1 blockchain for machine and device economies. The blockchain facilitates decentralized applications for machines, robots, and devices. It provides tools and frameworks for developers to build decentralized applications. The organization supports an ecosystem of applications focused on machine-driven services and automation.

Website: peaq.network
Social
Email ID: *****@peaq.io

Key Metrics

Founded Year

2017

Location

Berlin, Germany

Stage

Series A

Total Funding

$24.9M in 6 rounds

Latest Funding Round

Series A, Mar 20, 2025, $*****

Investors

Scherzer & Co & 40 more

Ranked

3^rd among 39 active competitors

Employee Count

58 as on May 31, 2026

Similar Companies

IoTeX & 48 more

View Peaq's full profile

Peaq is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
EoT Labs GmbH CIN: HRB190416 , Germany, Active	Oct 15, 2017	-	-
PEAQ TECHNOLOGY GMBH CIN: HRB190416B , Germany, Active		-	-
Peaq Technology GmbH CIN: HRB190416 , Germany, Active	Oct 15, 2017	-	-

Peaq has raised a total funding of $24.9M over 6 rounds. Its first funding round was on Oct 16, 2020. Its latest funding round was a Series A round on Mar 20, 2025 for $*****. 1 investor participated in its latest round. Peaq has 35 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Peaq:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2025	3812665	Series A	2991811	4963246	5991225	9188756
May 16, 2024	6490474	ICO	2912456	9128558	5424408	8650653
Mar 27, 2024	3199749	Series A	7681661	5706171	Generative Ventures & 1 more	Spartan Group & 14 more

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View details of Peaq's funding rounds and investors

The founders of Peaq are Max Thake, Leonard Dorlochter, Julia Ponitzsch, Till Wendler and Pavel Fomenko.

Here are the details of Peaq's key team members:

Max Thake: Co-Founder of Peaq and founder of 2 other companies, Peaq and Advanced Blockchain. They serve on the board of 1 company.
Contact Info: 2 email addresses
Leonard Dorlochter: Co-Founder of Peaq and founder of 2 other companies, Peaq and Advanced Blockchain. They serve on the board of 1 company.
Contact Info: 1 email address
Julia Ponitzsch: Former Co-Founder of Peaq and founder of 1 other company. They serve on the board of 1 company.
Till Wendler: Co-Founder of Peaq and founder of 1 other company. They serve on the board of 1 company.
Pavel Fomenko: Co-Founder of Peaq and founder of 1 other company.

Peaq's Board of Directors

Peaq's board has 3 active members. Max Thake, Leonard Dorlochter and Till Wendler are part of team.

Here is the list of Peaq's board of directors:

Name	Type	Representing	Status	Duration
Max Thake	Team	-	Current	6y 1m
Leonard Dorlochter	Team	-	Current	6y 1m
Till Wendler	Team	-	Current	6y 1m
{czzqiz	Team	-	Past	1y 5m
{lvjctz	Independent board member	-	Past	6y 1m

View details of Peaq's Founder profiles and Board Members

Peaq's employee count trend

Peaq has 58 employees as of May 26. Here is Peaq's employee count trend over the years:

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Top competitors of Peaq include IoTeX, IOTA and Minima Global. Here is the list of Top 10 competitors of Peaq, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IoTeX 2017, Tortola (United Kingdom), Series A	Developer of blockchain infrastructure for real world artificial intelligence	$50M	SNZ, Borderless Capital & 37 others	77/100
2nd	IOTA 2016, Berlin (Germany), Seed	Developer of a decentralized infrastructure for building and securing digital applications	-	Rhapsody Ventures, Blockchain R&I & 11 others	70/100
3rd	Peaq 2017, Berlin (Germany), Series A	Developer of a layer-1 blockchain for machine and device economies	$24.9M	HV Capital, Fundamental Labs & 39 others	61/100
4th	Minima Global 2019, Zug (Switzerland), Seed	Developer of a layer one blockchain for edge device decentralization	$2.5M	Blockchange, MH Ventures & 1 others	43/100
5th	Statwig 2016, Hyderabad (India), Seed	Provider of blockchain solutions for supply chain transparency and efficiency	$25K	Techstars, Lumis Partners & 11 others	35/100
6th	aitos.io 2018, Minhang (China), Seed	Solutions for identity authentication and data privacy protection	-	Longwin Capital, Wanxiang	32/100
7th	Skey Network 2021, Tallinn (Estonia), Funding Raised	Provider of a blockchain-based connectivity platform for IoT applications	-	-	31/100
8th	ITM 2019, Taipei (Taiwan), Seed	Provider of blockchain-based connectivity solutions for IoT applications	-	MediaTek	30/100
9th	IoT Chain 2017, Singapore (Singapore), Funding Raised	Provider of a blockchain-based networking platform for IoT applications	-	Global Blockchain Innovative Capital, Du Capital ... & 1 others	29/100
10th	Chirp 2022, Florida (United States), Funding Raised	Platform creating a wireless network for IoT and broadband	-	Aphex Capital	29/100