DAWN
PrivateLast Round
Series B
Dec 18, 2025
Total Funding Raised
$48.5M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
DAWN is a decentralized physical infrastructure network (DePIN) company that developed a protocol on the Solana blockchain allowing users to buy and sell internet capacity.
Sector
Telecommunications & Networking
Verticals
Internet Providers, Wireless Infrastructure, Blockchain Infrastructure
Business Model
B2B2C
Customer Profile
Marketplace Commission, Hardware Sales, Usage-Based SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
DAWN Comparables
Compare DAWN with similar companies based on industry and business-model similarity.
DAWN Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Dec 18, 2025 | ||||
| Strategic | Dec 16, 2024 | ||||
| Series A Extension | Aug 7, 2024 | ||||
| Series A | Feb 27, 2023 |
Key People
Founding team and executive leadership
DAWN Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| VanEck | Strategic |
| J Ventures | Series A |
| Wintermute Ventures | Series A Extension |
| Chaos Ventures | Series A |
| Castle Island Ventures | Series A, Series A Extension |
| Moonshot Research | Series A |
| Polychain Capital | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 27, 2026
Grew 17% QoQ, from 18 to 21 employees.
- Sep 2, 2025
Grew 100% QoQ, from 6 to 12 employees.
DAWN Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about DAWN's valuation, stock price, and market status.