U2U Network, a modular layer-1 with subnet technology, pioneering and perfect fit for DePIN, is thrilled to announce the successful closure of its funding round, securing a total of $13.8 million. This significant financial milestone propels U2U Network further in its mission to provide a comprehensive solution for DePIN, offering robust and scalable infrastructure tailored to meet the evolving needs of the Web3 ecosystems.
The recently concluded funding rounds saw contributions from a slew of prestigious venture capital firms, including KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and many more. And notably, JDI Ventures, in particular, made a significant equity investment, underscoring a focused commitment towards advancing U2U Network's R&D in hardware technologies. This diverse backing from top-tier investors highlights the industry’s robust confidence in U2U Network’s innovative approach.
U2U Network's funding from KuCoin Ventures marks a pivotal step in its journey beyond Asia to the global stage. As the investment arm of KuCoin Exchange, a platform with over 34M users worldwide, KuCoin Ventures’ support highlights U2U's growing international recognition. This strategic investment will accelerate the expansion of U2U's DePIN Subnet, drive its global ecosystem growth, beside the investment from Chain Capital and JDI Venture, the two leading DePIN VCs in Asia.
JDI Ventures, a leading DePIN investment fund managed by blockchain hardware innovator JDI Global. With a $200M portfolio, JDI Ventures has supported renowned initiatives like Helium, MCX Fou ndation, MetaBlox, and cutting-edge projects such as DeMR, GEODNET, Viide, and PowerPod. These projects aim to integrate physical devices with decentralized technology using advanced hardware solutions. Now is U2U Network, showcasing confidence in U2U Network’s innovative hardware vision and solidifying its role in advancing DePIN.
“We believe U2U Network’s vision and technology have the potential to set a new standard for decentralized physical infrastructure. Their comprehensive solution is not just innovative - it’s necessary for driving real-world adoption of blockchain technology” - shared by Mr. Wang - Founder of JDI Ventures.
Besides, Chain Capital, one of Asia’s top crypto funds, adds to U2U Network’s strong backing. With investments in over 300 projects across Layer-1/2 infrastructure, DeFi, and DePIN, including Filecoin and Theta Network, Chain Capital reinforces U2U Network’s position as a leader in DePIN and blockchain technology.
“We are immensely grateful for the trust and commitment shown by our investors,” said Chloe Phung, Co-founder & Co-CEO of U2U Network. “All the successful funding rounds are not just a financial boost but a significant endorsement of our vision to transform the device economy from the ground up by building a comprehensive solution for DePIN. At U2U Network, all 100 people are working the hardest, and because our goal is a sustainable business, it takes us a longer time to build and until this moment and in the future we commit to following that vision: bring blockchain to the mass through DePIN, bring benefit for DePIN users without any learning curves, earn their own monetary value in the most incentivized and decentralized way. It can happen after we go public, which is soon in a few days.”
The funds raised will also support the continued development of the U2U Network’s Subnet technology, which emphasizes infinite scalability and DoD. This investment aligns with the broader crypto consumer revolution, extending blockchain utility to everyday applications. By focusing on technology and community growth, U2U aims to lead in innovation and partnerships.
U2U Network’s technological foundation is designed to address the existing challenges in blockchain scalability and interoperability. U2U Network is a cutting-edge layer-1 blockchain that uses advanced DAG technology combined with compatibility with EVM. U2U Network’s innovative subnet technology enables developers to create scalable, flexible sub-networks, making it an ideal platform for efficient DePIN development. Besides technology, one of the key elements that helped the project secure this funding amount is its team. U2U Network has a strong core team, which is made up of former employees from top 100 early contributors to Ethereum, Google, and Infina - very few Y Combinator backed startups in Vietnam.
The DePIN industry is rapidly evolving, driven by its potential to revolutionize traditional infrastructure systems. As part of this broader shift, similar to the crypto consumer revolution, where blockchain extends beyond investment to daily applications, U2U Network is advancing hardware solutions designed for scalability, resilience, and real-world integration. By enabling seamless adoption of decentralized technologies across sectors, U2U aims to drive large-scale transformation and adoption in the DePIN ecosystem.
U2U Network’s $13.8 million funding, secured from notable investors, marks a major milestone, fueling advancements in hardware and Subnet technology to scale the DePIN ecosystem.