DAWN Secures $13 Million in Series B Funding Led by Polychain Capital
Polychain Capital leads a $13M investment to expand DAWN’s Solana-based decentralized broadband across the U.S. and globally, including Ghana, reflecting rising investor interest in DePIN infrastructure.
DAWN, a decentralized wireless broadband protocol, announced in an official statement that it raised $13 million in a Series B funding round led by Polychain Capital. The Solana-based network lets individuals and organizations host wireless nodes and earn rewards, aiming to decentralize infrastructure ownership. The funds will expand U.S. coverage, support international rollouts, and grow its reach beyond the current 4 million U.S. households, with initial overseas deployments in Accra, Ghana. DAWN also introduced consumer hardware, such as its Black Box device—a router and decentralized network node—supporting multiple blockchains. This investment highlights growing interest in decentralized physical infrastructure networks (DePIN), similar to fellow Solana-based project Helium.
- Decentralized broadband network: A broadband service built on distributed infrastructure, enabling peer-to-peer connectivity without reliance on a single centralized provider.
- Series B round: A funding stage in which a company raises capital to scale operations, expand market reach, and grow after establishing product-market fit.
- DePIN: Decentralized Physical Infrastructure Networks, blockchain-based systems enabling community-driven deployment and operation of real-world infrastructure such as broadband networks.