DAWN, a decentralized physical infrastructure network based in New York, has successfully secured $13 million in a Series B funding round. This significant investment, led by Polychain Capital, marks a pivotal moment for the company as it aims to enhance its user-owned broadband services. The source reports that this funding will enable DAWN to expand its operations and improve service delivery.
Expansion of DAWN's Wireless Broadband Network
The newly acquired funds will be directed towards expanding DAWN's wireless broadband network throughout the United States, as well as facilitating further international deployments. This Series B funding round elevates DAWN's total funding to over $48 million, following previous capital raises that included a Series A round and an extension led by Dragonfly Capital.
Strategic Investment from VanEck
Additionally, DAWN received a strategic investment from asset manager VanEck, underscoring the growing interest in decentralized infrastructure solutions. With this financial backing, DAWN is poised to strengthen its position in the broadband market and drive innovation in user-owned connectivity.
DAWN has made significant progress in expanding its decentralized broadband network, reaching over 4 million households in the U.S. by the end of 2025. This achievement complements the recent $13 million funding secured to further enhance its services. For more details, see more.
