peaq Secures New Round of Financing on October 28, 2025

According to media reports, Web3 project peaq completed a new round of financing on October 28, 2025, with Greenfield Capital as the lead investor. To date, peaq's total funding has reached USD 41 million.peaq is a Web3 network built on Polkadot, designed to advance the Economy of Things (EoT). The project provides a platform for entrepreneurs and developers to build decentralized applications for vehicles, robots, and devices, while empowering users to govern and monetize, enabling connected machines to offer goods and services.peaq has demonstrated steady progress. The project raised USD 6 million in its initial financing in June 2022, followed by a USD 15 million round in March 2024, and secured USD 20 million through an ICO in May. In November 2024, the peaq mainnet officially launched, with the PEAQ token subsequently listed on major exchanges. In January 2025, Bithumb announced the listing of PEAQ. The completion of this financing round further validates market recognition of peaq’s innovative direction in the convergence of IoT and blockchain, and provides strong support for the project's ongoing ecosystem development and application expansion.