5ire Raises $100M to Fund Expansion of Sustainable Blockchain

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5ire Raises $100M to Fund Expansion of Sustainable Blockchain
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The founders of 5ireChain came up with the idea of a sustainability-focused blockchain company at a tea shop, and within 11 months of starting raised $100m to become a unicorn. By amitoj.

Gauri added that 5ire will empower decentralized autonomous organizations and working groups to help accelerate the implementation of the U.N.’s 17 SDG goals.

"The Far East is very proactive and keen on adopting blockchain, like Malaysian Immigration and The Health Card app," Hiranandani said in an email."We feel entry into the market with a layer 1 partner which is sustainable is ideal and 5ire being a sustainable blockchain is perfect for us. This will benefit our group to communicate on blocks as we deal with various countries and have offices in over 8 countries," said Hiranandani.

Gauri founded 5ire in August 2021 with fellow Indians Prateek Dwivedi and Vilma Matilla. Gauri and Dwivedi, friends for more than a decade, came up with the idea at an Indian tea shop writing the first thoughts down on a napkin, he said.

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