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04/2024: SWC Global invested in SendingNetwork's Seed Round of a total $20M

SendingNetwork Raises a total of $20 Million Seed Round for Decentralized Communication in web3 


AUSTIN, TEXAS, 14th April, 2024 – SendingNetwork, a decentralized communication infrastructure network, today announced the successful completion of a $20 million seed funding round, an extension round following a $12.5 million seed round early last year.


Led by prominent investors, Nomad Capital, Ex-Coinbase CTO Balaji Srinivasan, Galxe, SWC Global, Gabby Dizon founder of Yield Guild Games, Symbolic Capital and Web3.com Ventures, the $20M round will help SendingNetwork address the growing need for decentralized communication to empower users and networks. 


SendingNetwork provides a comprehensive three-layer client-edge-blockchain architecture that addresses messaging vulnerabilities to redesign a robust, secure, and community-driven communication network.


“We’re deeply impressed by the founding team’s vision for the decentralized, private, permissionless communication network,” said Tuck Lye Koh, founding partner of SWC Global. “At the forefront of innovation, Sending Labs has made remarkable progress in product development and community engagement, setting a new paradigm of data transmission.”

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