Nitro Network raised $40 M in a new round of funding on 2018-02-25.

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According to media reports, Nitro Network raised $40 M in a new round of funding on 2018-02-25. the investors in this funding round include FBG Capital,Kenetic Capital,Alphabit Fund,Blockasset,Turiya Ventures and others. Following this round, Nitro Network's total funding reached $40 M.
Nitro Network is building a decentralized private communication network (PCN) using LoRaWAN IoT devices. These devices enable users' gadgets to communicate using 3G, 4G, and 5G technologies. Participants in Nitro Network's decentralized PCN are part of an ecosystem that they own, operate, and earn from.

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NCASH Fundraising History
RoundAmountValuationTimeInvestor(s)
--$40 M--2018-02-25FBG Capital,Kenetic Capital,Alphabit Fund,Blockasset,Turiya Ventures
Key Milestones
  • 2018-02-26
    Nitro Network raised $ 40 M in funding round
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