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Web3 Developer Platform Fleek Raises $25 Million In Series A Round Led by Polychain Capital

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Fleek is a web3 developer platform. The company just raised $25 million in a Series A round led by crypto-focused venture capital firm Polychain Capital. Other investors in the round included Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, The LAO, and Argonautic Ventures.

Fleek’s co-founder and CEO is Harrison Hines. The new capital is supposedly going towards the development and launch of a decentralized content and application delivery network called Fleek Network. The project will be launching in the spring of 2023.

Current CEO, Harrison Hines, stated: 

“There are several decentralized storage and data protocols such as Filecoin and Arweave, those protocols share a common problem in that they can’t query the files, data, or content from the networks stored on them. From the consumer side, developers or projects needing a content delivery network can provide content to the Fleek Network. Fleek accelerates that content using a decentralized network of nodes. Consumers prepay for the bandwidth in the native FLK tokens.”

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