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.
- Dec 24, 2025
Grew 19% QoQ, from 16 to 19 employees.
Recent news
Latest coverage and updates
- launchesSep 16, 2026
Dawninternet launched USD.infra Vault on Solana on Sep 15th '26.
DAWN Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about DAWN's valuation, stock price, and market status.
Is DAWN a public or private company?
DAWN is a private company.
What is the current stock price of DAWN?
DAWN is a private company with no public stock price. No recent secondary market data is available.
How much is DAWN worth (valuation)?
Valuation information for DAWN is not publicly available.
Can I buy DAWN stock?
DAWN shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was DAWN's last funding round?
DAWN's most recent funding round was Series B on December 18, 2025.
Who are the main investors in DAWN?
Key investors in DAWN include VanEck, Dragonfly Capital, Polychain Capital, Dragonfly.
Will DAWN IPO soon?
No public IPO plans have been announced for DAWN.
How can I track DAWN secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor DAWN's secondary market activity and sign up for updates.