Blockmate investee Hivello successfully raises USD$1M
Blockmate Ventures Inc (âBlockmateâ or the âCompanyâ), an innovative investment firm in the blockchain technology space, proudly announces that its 100% owned subsidiary, Hivello Holdings, has successfully completed a USD$1 million capital raise. This Simple Agreement for Future Equity (SAFE) instrument fundraising round places a pre-money valuation cap on Hivello at USD$5 million. Consequently once converted, the post-money valuation of Blockmateâs stake is an estimated USD$4 million (CAD 5.3 million). Justin Rosenberg, CEO of Blockmate...