Pollen Mobile’s Seed Funding Round For Next-Generation Decentralized Wireless Network Comes To An End
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Pollen Mobile’s Seed Funding Round For Next-Generation Decentralized Wireless Network Comes To An End

By CIOReview | Thursday, May 19, 2022

Pollen Mobile's seed funding round for its next-generation decentralized wireless network has been closed with the vision of excellent wireless communications in the future.

Fremont, CA: “The world is long overdue for a genuine alternative to traditional mobile carriers who are known for customer dissatisfaction, high costs, spotty coverage, and a disregard for user privacy,” comments Sam Lessin, General Partner at Slow Ventures. “Our belief in Pollens vision and the Pollen team has already been validated by the incredibly enthusiastic reception from the rapidly growing Pollen community.” Pollen Mobile announces the completion of a seed investment round that will expedite the implementation of the world's first user-owned, privacy-focused mobile carrier.

Slow Ventures led a varied and strategically selected collection of investors from the telecom, cryptocurrency, hardware, entertainment, and traditional venture capital communities to participate in the funding round. In addition to Slow Ventures, additional participants included DISH Wireless, Delphi Digital, OVN Capital, and Acorn Pacific Ventures.

Pollen inverts the conventional, centralized mobile network model by enabling its user community to develop, own, and run a decentralized network infrastructure using blockchain, the Citizens Broadband Radio Service (CBRS) spectrum, and other open-source technologies. The project has already deployed infrastructure in San Francisco, New York, and Los Angeles, and completed its first statewide hardware drop only last week.

The seed funding round builds upon Pollen's strong organic growth by giving extensive runway and enabling crucial strategic partnerships to further the network's rapid expansion.

"Pollen will take the world by storm as crypto incentives and a dissatisfaction with traditional wireless carriers lead consumers to easily deploy Flowers and own and operate the next-generation mobile network," comments Tom Shaughnessy, Co-Founder, and Partner at Delphi Digital. "We're excited to see Pollen become the world's first Web3, privacy-focused mobile carrier."

"Pollen is designed from the ground up to offer users a radical alternative for mobile connectivity that prioritizes privacy, reduces costs, and gives users the power to own and operate their network, comments Anthony Levandowski, Founder, and CEO of Pollen Mobile. "We're inspired by the high-caliber investors embracing our vision for the future of wireless communications and positioning us for our next phase of growth."