# peaq funding: rounds and investors > peaq has raised $41M across 3 rounds since 2022. Investors include Borderless Capital, Fundamental Labs and HV Capital. Every round with its source. Source: https://millionrounds.com/company/peaq (Millionrounds; every figure on the page links to its filing or article) United States · [Token sale startup](https://millionrounds.com/companies) # Who invested in *peaq* 3 rounds we have observed, with the 28 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. IoT Web3 & Crypto Funding summary Updated 26 Oct 2026 **$41M** raised across 3 rounds since 2022, from 4 sources **$6.0M** Round **$15M** Round **$20M** Token sale - **Latest round:** Token sale, $20M May 2024 - **Step-up i:** 1.3× - **Investors:** 28 (3 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2023 2024 **$6.0M** Round **$15M** Round **$20M** Token sale - **First round:** Round, $6.0M - **Biggest round:** $20M - **Usual gap between rounds:** 21 months ## The rounds - **May 2024** Token sale **$20M** *2 returning* [HV Capital](https://millionrounds.com/fund/hv-capital) [Borderless Capital](https://millionrounds.com/fund/borderless-capital) Reported by Firms' own news pages and 1 other - **Mar 2024** Round **$15M** *16 new* *2 returning* [Borderless Capital](https://millionrounds.com/fund/borderless-capital) Lead [Generative Ventures](https://millionrounds.com/fund/generative-ventures) Lead [Animoca Brands](https://millionrounds.com/fund/animoca-brands) [HV Capital](https://millionrounds.com/fund/hv-capital) [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) [DWF Labs](https://millionrounds.com/fund/dwf-labs) [Cogitent Ventures](https://millionrounds.com/fund/cogitent-ventures) [CRIT Ventures](https://millionrounds.com/fund/crit-ventures-inc) [Fundamental Labs](https://millionrounds.com/fund/fundamental-labs) [CMCC Global](https://millionrounds.com/fund/cmcc-global) [LBANK Labs](https://millionrounds.com/fund/lbank-labs) [Moonrock Capital](https://millionrounds.com/fund/moonrock-capital) [TRGC](https://millionrounds.com/fund/trgc) [Agnostic Fund](https://millionrounds.com/fund/agnostic-fund) [Altana Wealth](https://millionrounds.com/fund/altana-wealth) [Protein Capital](https://millionrounds.com/fund/protein-capital) [Token Metrics](https://millionrounds.com/fund/token-metrics) Reported by Firms' own news pages - **Jun 2022** Round **$6.0M** *12 new* [Fundamental Labs](https://millionrounds.com/fund/fundamental-labs) Lead [GSR](https://millionrounds.com/fund/gsr) [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) [Cypher Capital](https://millionrounds.com/fund/cypher-capital) [Moonrock Capital](https://millionrounds.com/fund/moonrock-capital) [Ceras Ventures](https://millionrounds.com/fund/ceras-ventures) [Delta VC](https://millionrounds.com/fund/delta-vc) [GravityX](https://millionrounds.com/fund/gravityx) [Master Ventures](https://millionrounds.com/fund/master-ventures) [Mulana Capital](https://millionrounds.com/fund/mulana-capital) [Wami Capital](https://millionrounds.com/fund/wami-capital) [Waterdrip Capital](https://millionrounds.com/fund/waterdrip-capital) Reported by Firms' own news pages ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2022 **Round** 2024 **Token sale** 2024 [Borderless Capital](https://millionrounds.com/fund/borderless-capital) L [Fundamental Labs](https://millionrounds.com/fund/fundamental-labs) L [HV Capital](https://millionrounds.com/fund/hv-capital) [Moonrock Capital](https://millionrounds.com/fund/moonrock-capital) [Generative Ventures](https://millionrounds.com/fund/generative-ventures) L [GSR](https://millionrounds.com/fund/gsr) [Animoca Brands](https://millionrounds.com/fund/animoca-brands) [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) ## Everyone who backed them [Borderless Capital](https://millionrounds.com/fund/borderless-capital) Accelerator **2** rounds, led 1 [Fundamental Labs](https://millionrounds.com/fund/fundamental-labs) VC firm **2** rounds, led 1 [HV Capital](https://millionrounds.com/fund/hv-capital) VC firm **2** rounds [Moonrock Capital](https://millionrounds.com/fund/moonrock-capital) VC firm **2** rounds [Generative Ventures](https://millionrounds.com/fund/generative-ventures) VC firm **1** round, led 1 [GSR](https://millionrounds.com/fund/gsr) VC firm **1** round [Animoca Brands](https://millionrounds.com/fund/animoca-brands) Accelerator **1** round [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) VC firm **1** round [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) VC firm **1** round [The Spartan Group](https://millionrounds.com/fund/the-spartan-group) Venture studio **1** round [DWF Labs](https://millionrounds.com/fund/dwf-labs) VC firm **1** round [Cogitent Ventures](https://millionrounds.com/fund/cogitent-ventures) VC firm **1** round [CRIT Ventures](https://millionrounds.com/fund/crit-ventures-inc) VC firm **1** round [CMCC Global](https://millionrounds.com/fund/cmcc-global) VC firm **1** round [Cypher Capital](https://millionrounds.com/fund/cypher-capital) VC firm **1** round [LBANK Labs](https://millionrounds.com/fund/lbank-labs) VC firm **1** round [TRGC](https://millionrounds.com/fund/trgc) VC firm **1** round [Agnostic Fund](https://millionrounds.com/fund/agnostic-fund) VC firm **1** round [Altana Wealth](https://millionrounds.com/fund/altana-wealth) Angel **1** round [Ceras Ventures](https://millionrounds.com/fund/ceras-ventures) VC firm **1** round [Delta VC](https://millionrounds.com/fund/delta-vc) VC firm **1** round [GravityX](https://millionrounds.com/fund/gravityx) Investment firm **1** round [Master Ventures](https://millionrounds.com/fund/master-ventures) VC firm **1** round [Mulana Capital](https://millionrounds.com/fund/mulana-capital) VC firm **1** round [Protein Capital](https://millionrounds.com/fund/protein-capital) Investment firm **1** round [Token Metrics](https://millionrounds.com/fund/token-metrics) Hedge fund **1** round [Wami Capital](https://millionrounds.com/fund/wami-capital) Family office **1** round [Waterdrip Capital](https://millionrounds.com/fund/waterdrip-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=peaq). ## Also claim to have backed them These 12 firms list peaq as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Delta Blockchain Fund](https://millionrounds.com/fund/delta-blockchain-fund) VC firm Per its own site [Greenfield Capital](https://millionrounds.com/fund/greenfield-capital) VC firm Per its own site [Greenfield One](https://millionrounds.com/fund/greenfield-one) VC firm Per its own site [Advanced Blockchain](https://millionrounds.com/fund/advanced-blockchain) Accelerator Per its own site [FOMO Ventures](https://millionrounds.com/fund/fomo-ventures) VC firm Per its own site [Friedrich A. Neuman](https://millionrounds.com/fund/friedrich-a-neuman) VC firm Per its own site [RR2 CAPITAL](https://millionrounds.com/fund/rr2-capital) VC firm Per its own site [Sigma Capital](https://millionrounds.com/fund/sigma-capital) VC firm Per its own site [TPC Club](https://millionrounds.com/fund/tpc-club) Angel network Per its own site [TPCo Ventures](https://millionrounds.com/fund/tpco-ventures) VC firm Per its own site [Truth Ventures](https://millionrounds.com/fund/truth-ventures) VC firm Per its own site [w3.fund](https://millionrounds.com/fund/w3-fund) VC firm Per its own site ## Quick answers about peaq ### Who invested in peaq? peaq's investors include Borderless Capital, Fundamental Labs, HV Capital, Moonrock Capital and Generative Ventures, and 23 more on record. ### How much has peaq raised? peaq has raised $41M across 3 rounds since 2022. ### When did peaq last raise? peaq's most recent round was a Token sale of $20M in May 2024. ### What was peaq's biggest round? Its most recent round, $20M in May 2024, is also its largest on record. ### Who backed peaq first? peaq's first round on record, in Jun 2022, was backed by Fundamental Labs, GSR and HashKey Capital and 9 others. ### What stage is peaq at? peaq's latest named round is a Token sale, in May 2024. ### Where is peaq based? peaq is based in the United States. ### Who led peaq's rounds? Fundamental Labs led the Undisclosed round in 2022; Borderless Capital led the Undisclosed round in 2024. ## Companies like peaq In the same sector, and raised in the last eighteen months. 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