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5ire raises USD 100 million in Series A Funding at valuation USD 1.5 billion, turns unicorn

5ire has received funding from UK-based conglomerate SRAM & MRAM to become the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world.Brainchild of India-origin founders, Pratik Gauri and Prateek Dwivedi London, UK, July 17, 2022 – (SEAPRWire) – 5ire, a fifth generation level 1 blockchain network and the world’s first and only sustainable blockchain, today announced that it has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. This investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion. 5ire was founded by Indian-origin entrepreneurs, Pratik Gauri and Prateek Dwivedi, along with web3 financier Vilma Mattila, in August 2021. 5ire raised a funding of $21 million in its seed round at a valuation of $110 million with participation from both private and institutional investors like Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital, and amongst many other investors. The funds raised will be used for business expansion and extending 5ire’s footprint across three continents including Asia, North Amer...