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Althea
company
About
Althea replaces ISPs with a fully automated bandwidth market.
- San Diego,California,United States
- 1 - 10
- https://althea.net
Details
- Last Funding Type
- Seed
- Last Funding Money Raised
- $100K
- Industries
- Blockchain,Internet
- Founded date
- Jan 1, 2018
- Number Of Employee
- 1 - 10
- Operating Status
- Active
- Legal Name
- Hawk Networks, inc.
Althea allows people to bring faster, cheaper internet to their communities. The protocol allows networks and devices to negotiate with one another for internet bandwidth, reducing inefficiency and eliminating middlemen in the mobile and fixed broadband markets. Althea is currently mostly deployed in wireless networks- small antennas on rooftops spread the signal, while their owners earn money. Anyone can join an existing Althea network, and invest in equipment to expand its capacity and get compensated by the protocol.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$100K
Althea has raised a total of
$100K
in funding over 2 rounds. Their latest funding was raised on
May 11, 2019 from a Equity Crowdfunding round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 11, 2019 | Equity Crowdfunding | — | 1 | — | — | Detail |
| Sep 11, 2018 | Seed | $100K | 2 |
KR1
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
3
Althea is funded by 3 investors.
KR1
and Erhan Bilici
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
KR1
|
Yes | Seed |
Erhan Bilici
|
— | Equity Crowdfunding |
Coral
|
— | Seed |
Employee Profiles
Number of Employee Profiles
3
Althea has 3 current employee profiles, including
Executive Deborah Simpier
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