# 5ire LLP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/5ire-llp

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.5ire.org
- Total disclosed funding: $21M
- Latest round: Seed (Oct 28, 2021)
- Investors on record: 11

## About

Based in Dubai, United Arab Emirates and founded in 2021, 5ire LLP operates as a fifth-generation blockchain network. Patrick Gauri (CEO), Prateek Dwivedi (CMO), and Vilma Mattila (CBO) are the co-founders of the company. In February 2022, 5ire LLP raised USD 100 million in venture funding, led by new investor Global Emerging Markets.

5ire is a blockchain ecosystem that embeds the for-benefit paradigm at the core of the blockchain, incentivizes practices that align with the United Nations Sustainable Development Goals (SDGs), eases the transition from the 4IR to the 5IR (Industrial Revolution), and accelerates the implementation of the UN 2030 Agenda for Sustainable Development.

5ireChain is the company's main product, a first-layer, sustainability-driven 5th generation blockchain that ensures adherence to the 5IR concept of making a net positive impact on the world.

The company plans to use the venture funding received in January 2022 for the expansion of the ecosystem, which involves liaising with government stakeholders in India and upcoming international markets.

## Funding rounds

- Seed, Oct 28, 2021, $21M — vCommission Media Private Limited, Alphabit, Moonrock Capital, X21 Digital, Magnus Capital, DuckDAO, Launchpool, Sanctum Ventures, Marshland Group, Kangaroo Capital, Oracles Investment Group

## Investors

- vCommission Media Private Limited — Seed
- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- Moonrock Capital (https://capitalatlas.ai/funds/moonrock-capital) — Seed
- X21 Digital (https://capitalatlas.ai/funds/x21-digital) — Seed
- Magnus Capital (https://capitalatlas.ai/funds/magnus-capital) — Seed
- DuckDAO — Seed
- Launchpool (https://capitalatlas.ai/funds/launchpool) — Seed
- Sanctum Ventures (https://capitalatlas.ai/funds/sanctum-ventures) — Seed
- Marshland Group (https://capitalatlas.ai/funds/marshland-group) — Seed
- Kangaroo Capital (https://capitalatlas.ai/funds/kangaroo-capital) — Seed
- Oracles Investment Group (https://capitalatlas.ai/funds/oracles-investment-group) — Seed