Pi Network
Latest round
- Seed
Last raised
- Nov 2023
Total raised
- Undisclosed
Investors
- 3
About Pi Network
-based company focused on providing an accessible digital currency that can be mined on mobile devices, thereby democratizing cryptocurrency mining for users worldwide. Founded in 2019 and headquartered in Palo Alto, California, Pi Network has developed a platform for mining digital currency on smartphones. The company has not undergone significant pivots in its business operations since its inception. It operates independently without known subsidiaries or parent companies. Pi Network's primary offering is its innovative digital currency, designed to be mined directly on mobile devices without draining battery life, thereby making cryptocurrency mining more accessible to a wider audience. The Pi Blockchain operates as a secure, immutable, non-counterfeitable, and interoperable platform, facilitating transactions and interactions within its ecosystem. The end-use cases focus on providing a practical and easy-to-use solution for digital payments, aiming to eliminate the massive electrical waste associated with traditional cryptocurrency mining. Released to the public in 2019, Pi Network serves a global customer base, with particular emphasis on regions where mobile technology is prevalent, making it a practical solution for users in emerging markets where traditional banking services may be limited. Furthermore, the company actively engages developers and businesses through initiatives like "KYB Verified Businesses," enhancing the platform's utility for a diverse range of end users. Pi Network's revenue model is structured around fostering a growing ecosystem of users and businesses that leverage its digital currency for transactions. The platform's revenue is generated through partnerships and potentially from transaction fees associated with its services, although specific pricing plans and fee structures are not publicly disclosed. Clients, which range from individual users to verified businesses, engage with the platform primarily through direct interactions and transactions utilizing the Pi currency. This could involve businesses utilizing Pi for payments or users converting their mined currency into goods and services within the network. The firm’s strategic focus on community engagement and developer integration is expected to enhance its transaction volumes, although specific financial metrics remain undisclosed.
Who invested in Pi Network
3 investors across 1 round
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Funding rounds
Seed
Nov 29, 2023
Amount
Undisclosed
Investors
Questions about Pi Network
Who invested in Pi Network?
Pi Network has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Pi Network raised?
Pi Network has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Pi Network last raise money?
Pi Network's most recent round on record is a Seed, in Nov 2023.
What does Pi Network do?
-based company focused on providing an accessible digital currency that can be mined on mobile devices, thereby democratizing cryptocurrency mining for users worldwide.
Where is Pi Network headquartered?
Pi Network is headquartered in Palo Alto, US.
Which VCs invest in companies like Pi Network?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Pi Network's stage. Their profiles are linked below.
VCs backing software startups at Seed
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