GEODNET Secures $1.5 Million in Private Funding Round on July 10, 2023

According to industry sources, GEODNET completed a $1.5 million private funding round on July 10, 2023. The round was led by Borderless Capital and IoTeX. With this transaction, GEODNET’s total cumulative funding reached $15 million.GEODNET focuses on collecting real-time, high-density geospatial data of the Earth and its atmosphere using novel rooftop-based space weather stations. By leveraging blockchain technology, GEODNET aims to build a robust and resilient network that delivers secure and reliable geospatial data products. These products are widely used across key economic sectors such as agriculture, transportation, and finance, and also support emerging applications including autonomous driving, AR/VR, and the metaverse.Reviewing the project’s development trajectory, GEODNET has continuously attracted attention from capital markets since its token GEOD began trading in August 2022. Following this round, the project completed multiple additional funding rounds in 2024, including $3.5 million and $2 million in strategic investments, as well as an undisclosed amount in another round. In February 2025, GEODNET secured $8 million in over-the-counter financing. This series of financings demonstrates strong investor confidence in GEODNET’s growth prospects within the geospatial data sector.