5ire raises US$100 million in Series A funding and becomes a unicorn

5ire, a fifth-generation level 1 blockchain network and the world’s first and only sustainable blockchain, announced today its upgrade. $100 million Series A financing from UK-based holding company SRAM and MRAM. This investment is 5 It is the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world worth $1.5 billion. 5 fires were fIt was founded in August 2021 by Indian entrepreneurs Tatil Gauri and Prateek Dwivedi and web3 financier Vilma Mattila.

5ire collected a fund $21 million in seed round at a valuation of $110 million With participation from both private and institutional investors such as Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital and many other investors.

To be used for the funds raised business expansion and expanding 5ire’s footprint in three continents, Asia, North America and Europe India as the center and focal point of operations. 5 will continue to invest strengthen the blockchain and work to achieve it decentralized technology benefits a larger base globally. Additionally, 5ire, hire the best talent among functions such as product, engineering, marketing etc..

Speaking at the ceremony, Dr. Sailesh Lachu Hiranandani, President of SRAM & MRAM groupstated,

“We have great confidence in moving forward with investments in sustainable technologies. As a scientist, I’ve always believed in finding better ways to do things, and 5ire is dedicated to finding solutions for the UN’s 17 Sustainable Development Goals. We are confident in the abilities of the leadership team at 5ire and wish them the best.”

Practical Gauri, CEO and Founder 5ire said,

“We are on a mission to embed sustainability on the blockchain and shift the current paradigm from ‘for-profit’ to ‘benefit’. The 5ire team worked day and night to develop a platform that combines both technology and processes for the benefit of humanity. Being the world’s first and only sustainable unicorn born in India in just 11 months is proof that we are on the right track. The confidence shown in 5ire by the SRAM & MRAM group put us to shame and I am excited to find a partner who is also willing to foster the world’s transition from the 4th Industrial Revolution to the 5th Industrial Revolution.”

5ire is a blockchain ecosystem that brings Sustainability, Technology and Innovation to build the 5th industrial revolution (5IR). The mission of the 5ire ecosystem is to place the utility paradigm at the heart of the blockchain, by highly promoting practices aligned with the United Nations Sustainable Development Goals (SDGs), thereby facilitating the transition from 4IR to 5IR. 5ire empowers decentralized autonomous organizations (DAOs) and working groups to help accelerate implementation of the UN’s 17 SDG goals. It guarantees openness, unity of purpose and inclusiveness. Thus, shaping business ethics and sustainability-oriented collaborations while providing a cross-chain environment as well as enhanced governance and rewarding mechanisms for participants.

About 5ire:

5ire is a blockchain ecosystem focused on sustainability, technology and innovation to build the 5th industrial revolution (5IR). Founded in August 2021 by blockchain advocates Tatil Gauri, Prateek Dwivedi and Vilma Mattila, the missions of the 5ire ecosystem is to place a utilitarian paradigm at the heart of blockchain and highly promote practices that are aligned with the United Nations Sustainable Development Goals. (SDGs) to facilitate the transition from the 4IR to the 5IR and accelerate the implementation of the UN 2030 Agenda for Sustainable Development. The company’s primary offering is 5ireChain, a tier one, sustainability-focused 5th generation blockchain that adheres to the 5IR philosophy, creates a clear positive impact on the planet and serves humanity.

For more information, visit the website at https://www.5ire.org.

About SRAM & MRAM Group:

SRAM & MRAM Group, Dr. Sailesh Lachu Hiranandani and was established in 1995. Minister Dr. Sailesh Lachu Hiranandani with a PhD. He is a visionary from the UK in Financial Management with a committed background in Financial and Risk management in Hedge Funds and Forex Management. His career began with commodities trading in India and Cambodia and gradually moved into foreign exchange hedging and rollovers from Tokyo, Hongkong and Singapore. During this time, world money markets fluctuated rapidly, demanding a reliable system to manage the USD against the GBP, EURO and JPY. This has led him to acquire important skills in both the Finance and Information Technology market.

Backed by a talented team Information Technology and its Forex partners, today, twenty years later, a global conglomerate with 8 international alliances, 10 companies, 5 continents, more than 35 locations, more than 300 employees and sales turnover of $800 Million (Fiscal Year 2017-2018). founded. . The company is headquartered in Edinburgh, United Kingdom and has branches in Cambodia, South Africa, Indonesia, Malaysia, Bahrain, Georgia, India and Bangladesh. For more information please visit https://srammram.com.

Disclaimer: This is a paid post and should not be considered news/advice.

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