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Spacemesh has raised $41.0M across 3 funding rounds.
Key people at Spacemesh.
Spacemesh has raised $41.0M in total across 3 funding rounds.
Spacemesh develops a decentralized blockchain network utilizing a novel Proof-of-Space-Time consensus mechanism. This protocol enables individuals to secure the network by dedicating unused hard drive storage, circumventing specialized, high-power mining hardware. Its core product aims to democratize cryptocurrency mining, making participation equitable and broadly accessible.
Aviv Eyal and Tomer Afek co-founded Spacemesh in 2017. Their insight stemmed from a desire to counter centralization and energy demands of traditional blockchain mining. They envisioned a system where anyone with available storage could contribute to and benefit from a public cryptocurrency, shifting away from capital-intensive operations.
The network primarily serves individual home miners who contribute dormant storage to maintain integrity and process transactions. Spacemesh's long-term vision is to establish a truly decentralized, censorship-resistant, and permissionless public cryptocurrency. It strives to build an inclusive digital economy where network security and value distribution are broadly accessible and fair.
Spacemesh is a blockchain infrastructure company building an energy‑efficient, fair Layer‑1 blockchain that uses a proof‑of‑space‑time / proof‑of‑elapsed‑time style consensus to enable scalable smart contracts and broad decentralization[1][2]. Spacemesh positions itself as a decentralized “blockmesh” operating system for web‑scale smart contracts with a focus on accessibility, low energy use, and censorship‑resistant participation[3][2].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick reminder: this profile synthesizes public company/project descriptions and interviews and cites investor listings and technical summaries reporting on Spacemesh’s protocol and positioning[1][2][3]. If you want, I can: (a) produce a one‑page investor memo with risks and KPIs to watch, (b) map competitors and technical differences, or (c) drill into the protocol design and recent network metrics.
Spacemesh has raised $41.0M in total across 3 funding rounds.
Spacemesh's investors include 1kx, Arrington XRP Capital, Dragonfly, Electric Capital, Greenfield One, Paradigm, Polychain Capital, Blockchain.com Ventures, DCM, DHVC (Digital Horizon Capital), Gumi Cryptos Capital, Oyster Ventures.
Spacemesh has raised $41.0M across 3 funding rounds. Most recently, it raised $23.0M Other Equity in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 14, 2023 | $23M Venture Round | — | 1KX, Arrington XRP Capital, Dragonfly, Electric Capital, Greenfield ONE, Paradigm, Polychain Capital | Announced |
| Sep 1, 2018 | $15M Series A | — | Blockchain.com Ventures, DCM, Dhvc (digital Horizon Capital), Gumi Cryptos Capital, Oyster Ventures, Primitive Ventures, Sierra Ventures, Tribe Capital, UpHonest Capital | Announced |
| May 7, 2018 | $3M Seed | — | Bancor, BRM Group, IAngels | Announced |
Key people at Spacemesh.