peaq Secures Investment from Greenfield Capital on October 28, 2025

According to media reports, the Web3 network project peaq completed a new round of financing on October 28, 2025, led by Greenfield Capital. To date, peaq has raised a total of $41 million.peaq is a Web3 network built on the Polkadot ecosystem, focused on enabling the Economy of Things. The project aims to create a decentralized application ecosystem for connected devices such as vehicles, robots, and equipment, allowing entrepreneurs and developers to build innovative applications. It also empowers users with governance and revenue rights, enabling them to earn returns by participating in the provision of goods and services through connected machines.peaq has achieved significant progress in its development. Since its initial $6 million funding round in 2022, the project has consistently reached key financing milestones, securing $15 million in March 2024 and raising $20 million through an ICO in May 2024. On November 12, 2024, peaq's mainnet officially launched, followed by listings on major exchanges and an additional listing opportunity in January 2025. The completion of this latest financing round further strengthens the project's momentum and establishes a solid foundation for advancing blockchain innovation in the Internet of Things sector.