Fleek, the Web3 developer platform, closes $25 million Series A

The platform for Web3 developers Fleek has closed a $25 million Series A round. It was led by Polychain Capital.

Today, we’re announcing that we’ve closed a $25M Series A led by @polychaincap to build Fleek Network (and a new platform: https://t.co/1kuMI3WlGz )⚡

Check out our announcement blog to learn all about the future of web3 hosting and content delivery:https://t.co/hDmXHm8sRj

— Fleek ⚡️ (@fleekxyz) December 1, 2022

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Funding also came from Digital Currency Group, North Island Ventures and Coinbase Ventures.

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Founded in 2018, Fleek (formerly Terminal) offered users an easy way to create, deploy, and host websites and apps built on IPFS.

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Fleek provides hosting and data storage services via Web3 protocols. The company works with infrastructure players such as AWS and Cloudflare.

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In 2023 the startup plans to launch Fleek Network — a decentralized content delivery and application platform for Web3. It will cut dependence on centralized intermediaries. The network will be based on L2 solution for Ethereum.

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“Fleek provides the critically important missing elements for achieving true decentralized interaction with Web3,”— said The Block Harrison Hines, co-founder and CEO of Fleek.

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Earlier, Filecoin launched the Saturn content delivery network.

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In November, Binance founded the Industry Recovery Initiative, a fund aimed at rebooting the Web3 industry. Its size will total up to $2 billion.

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