Blockmate Investee Hivello Successfully Raises USD$1M

December 14, 2023

TORONTO, Dec. 14, 2023 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB:MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”), an innovative investment firm in the blockchain technology space, proudly announces that its 100% owned subsidiary, Hivello Holdings, has successfully completed a USD$1 million capital raise. This Simple Agreement for Future Equity (SAFE) instrument fundraising round places a pre-money valuation cap on Hivello at USD$5 million. Consequently once converted, the post-money valuation of Blockmate’s stake is an estimated USD$4 million (CAD 5.3 million).

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