Toronto-based Hivello Raises Additional $1.5M in Funding for Blockchain Payment Solution

Toronto-based blockchain payment solution provider, Hivello, has raised an additional USD$1.5M in funding, bringing the total amount raised in the last month to USD$2.5M. The funding round included participation from several investors, including Blockchange, Cypher Capital, and Primal Capital, among others. Hivello plans to use the funds to expand its technological capabilities, expedite product development, and strengthen its position as a leader in DePIN services. Led by Chairman Domenic Carosa, the company aims to democratize access to decentralized infrastructure globally.