Internxt gets $1M to be ‘the Coinbase of decentralized storage’
Valencia-based startup Internxt has been quietly working on an ambitious plan to make decentralized cloud storage massively accessible to anyone with an internet connection.
It’s just bagged $1 million in seed funding led by Angels Capital, a European VC fund owned by Juan Roig (aka Spain’s richest grocer and second-wealthiest billionaire), and Miami-based The Venture City. It had previously raised around half a million dollars via a token sale to help fund early development.
The seed funds will be put toward its next phase of growth — its month-to-month growth rate is 30% and it tells us it’s confident it can at least sustain that — including planning a big boost to headcount so it can accelerate product development.
The Spanish startup has spent most of its short life to date developing a decentralized infrastructure that it argues is both inherently more secure and more private than mainstream cloud-based apps (such as those offered by tech giants like Google).
