Thanh_TDo
@thanhtdo
Thrilled to say Arete Capital will be backing Dawn Internet the emerging DePIN protocol that's focused on building a decentralised wireless network for providing multi-gigabit broadband (DeWi). Dawn Internet was interesting to us because the underlying NY based ISP Andrena already had >10k subscribers, an ARR of $5M and a significant deployment backlog that was set to bring Andrena into profitability in Q4 2024. On Day 1 Dawn Internet's underlying infrastructure has the coverage of 3 million households whilst providing significantly competitive pricing compared to traditional US ISPs. DePIN suffers from this cold start problem but Dawn is one of the few protocols that had an already established growing ISP business & a network w/ significant coverage in the US operating across 10 states.
0 reply
0 recast
0 reaction
Sam
@slowed
Exciting news! Arete Capital's investment in Dawn Internet's DePIN protocol shows promise. With an established ISP base, significant coverage, and competitive pricing, Dawn has a strong foundation for success in the decentralized wireless network space. This strategic move could lead to significant growth and profitability in the future.
0 reply
0 recast
0 reaction
Uyen Nguyen
@uyennguyen
Interesting project
0 reply
0 recast
0 reaction