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Edgevana isn't accepting new investments

Edgevana ’s deadline was April 22, 2023

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Edgevana

The market leader in blockchain infrastructure and ecosystem services
B2B Infrastructure Deep Tech Blockchain
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This is an SPV deal
Round
Series A
Valuation
$58.5M
Allocation
$500K
Deadline
April 22, 2023
Instrument
Preferred Equity
Minimum investment
$10,000
Invest in Edgevana
Co-investors
NGC Ventures
NGC Ventures is a venture capital firm that invests in inspiring projects related to blockchain.
NGC Ventures also invested in:
Companies
Redpoint Ventures
Redpoint Ventures invests across consumer and enterprise and have partnered with thousands of inspiring entrepreneurs over the past two decades.
Redpoint Ventures also invested in:
Companies
Coinbase Ventures
Investment arm of Coinbase
Coinbase Ventures provides financing to promising early stage companies in the crypto and fintech space.
Coinbase Ventures also invested in:
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Pitch Updates 1
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Closed on April 22, 2023. Information may not be up-to-date. Campaign closed on April 22, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Founders

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by Edgevana I, A Series of Republic Deal Room Master Fund, LP.
Company documents
Subscription Agreement Edgevana I - LPA.pdf Edgevana I - PPM.pdf
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Investment summary


Tier-1 Venture backing
Company is backed by a tier-1 VC firm

Edgevana is a leader in accelerating the foundation for the next-generation of the internet, partnering directly with protocols to simplify, accelerate, and fully decentralize their networks. The company provides a breadth of services that removes barriers to entry for participation regardless of technical know-how while allowing protocols to gain access to an entirely new market of participants.

Edgevana's software, which offers immediate access to the top protocols and instant economies of scale, has attracted the attention of several notable VC firms, including NGC, Coinbase, and Redpoint. 

This is a special purpose vehicle (SPV) formed to invest in Edgevana's Series A.

  • Global marketplace for automating data center procurement processes
  • Top-down approach attracts Web2 participants and lowers barriers to entry
  • Works directly with protocols across 180 countries in 200+ data centers
  • For full validators, Edgevana has 78.25% cost savings over AWS
  • $15.6M EOY ARR | $110M+ ARR EOY projected
  • Built by alumni from MIT, Gartner, Ericsson, Pure Storage, and more

Invest in Edgevana

Global marketplace that promotes decentralization

“Edgevana has a seamless validator onboarding experience in addition to locations and networks that will truly promote decentralization in the Solana network.”, said Dan Albert, Executive Director, on Solana's partnership with Edgevana. Web3 is too complicated and expensive, making it highly inaccessible for the masses. 

Read more about how Edgevana is changing that:

  • Edgevana Looks to Speed Growth for Web3 Blockchain Infrastructure
  • Blockchain Player, Edgevana says it Costs $200m to Build a New Data Centre
  • Edgevana to promote decentralization through Solana Foundation's Tour de Sun 2022

Problem


Participating in Web3 is a highly technical and manual process

The complexity, technical knowledge, time, and money involved in becoming a validator severely limits participation. Service providers such as Blockdaemon, Figment, or Coinbase Cloud centralize protocols, by offering their services on public cloud at a higher price point with lower APY. This can cause a possible single point of failure that can bring down these protocols if cloud providers go offline or outright ban the use of cryptocurrencies on their platforms. Furthermore, no software platforms or automation tools provide a frictionless experience for participants and protocols. These issues make it challenging for protocols to scale in the current Web3 environment.

Solution


Meet Edgevana: Accelerate growth for Web3 blockchain infrastructure

Edgevana allows protocols to focus on their Blockchains while providing a no-code one-click deploy marketplace that allows anyone to participate in one or multiple protocols regardless of their technical know-how. The company automates the process of scaling, attracting, and onboarding validators while providing community insights and analytics as well as true decentralization to their networks.

Product


Platform provides agility, scale, and economics that appeal to Web3 deployments

Edgevana's unique done-for-you (DFY) solution takes the complexity and time out of node operator onboarding. Combining pre-configured, best in class server hardware, with highly secure, data center facilities and a simple month-to-month contract lets node operators be ready within hours, not weeks. 

Edgevana's clients can select and optimize best in class server hardware from market leading OEM partners such as Dell, Lenovo, SuperMicro, Intel and AMD.

Edgevana's clients are also able to pre-position protocol-ready compute and storage in the company's highly secure data center and edge facilities. They can distribute nodes as diversely as possible to ensure highly distributed, high performance censorship resistant, and secure node networks.

Finally, Edgevana partners with customers to ensure its blockchain infrastructure is always operator-ready. Just as hardware can be benchmarked and optimized for speed, performance, and scalability, pre-configuration assures complex scripts and configurations are properly loaded, tested and quality assured.

Traction


Rising adoption among blockchain platforms and operator node communities

Edgevana's contract with Solana has resulted in the deployment of 500 validators for $12M, scaling 30% MoM. The company deployed 500 nodes in 20 different data centers in 19 different countries. Edgevana has access to 60K locations within the US and 40K locations internationally with more being added. After gaining Solana's trust, it expects to receive revenue opportunities of up to $80M in the near future. Additionally, Filecoin and Aptos, two big players in the space, are in the pipeline. 

Business model


Diverse revenue streams increase visibility in different markets

Edgevana meets the speed, scale, security and resilience needs of the world’s fastest growing blockchain protocol operators, NFT providers and enterprises adopting decentralized ledger technologies. This results in many revenue opportunities. Some of the key ones are:

 Edgevana Platform: Gives access to one-click deploy               features, analytics, recommendation engines, and                    premium insights into the community and protocols 

Edgevana Deployment Program: Automates access to            hardware, data center, and bandwidth  

Fractional Validation Marketplace: Offers a new way for        participants with limited knowledge and funds to                      participate in Web3

Licensing: Provides one-click software programs for                bare metal and data center companies 


Market


$80B total addressable market

The Web3 market has been projected to hit $80B by the end of 2030. Blockchain has been a proven technology that ensured the security of crypto and NFTs to the next level — now, it's ready to ultimately reimagine the next generation of web technologies. 

Edgevana is poised to take advantage of this trend by streamlining the adoption of edge computing for Web3 companies. 

Competition


Highly defensible moat protects market position

Edgevana has protocol-specific exclusive data center and edge location deals that give it a huge leg up over new entrants. Some other competitive advantages include:

 First fully automated validator onboarding platform for            protocols

 First protocol ecosystem marketplace to connect                      protocols with participants

 First to offer fractional validation technology

Vision and strategy


Edgevana has a clear business strategy

Founders


Meet the Team

Edgevana's team consists of former executives from leading organizations, including Gartner, VMWare, Ericsson, HP, EMC, Pure Storage, and Nutanix. The team is seasoned and well-positioned to execute in their market which will exponentially grow as Web3 scales and as Web2 natives begin to participate in the future of the internet. 

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by Edgevana I, A Series of Republic Deal Room Master Fund, LP.
Company documents
Subscription Agreement Edgevana I - LPA.pdf Edgevana I - PPM.pdf
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Edgevana

Edgevana successfully raised $425,175 from 8 investors on April 22, 2023
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