Satellite IM, a decentralized communication platform, completed a financing of US$10.5 million

[Decentralized communication platform Satellite IM completes US$10.5 million in financing] On August 11th, the decentralized communication platform Satellite IM announced that it has completed a US$10.5 million seed round of financing. Framework Ventures and Multicoin Capital co-led the round, with other investors including Solana Ventures, IDEO CoLab, Hashed, and Pioneer Square Labs Ventures.

Founded in 2020 by Christopher Hogan and Thomas McArdle, Satellite IM is a decentralized communications platform that enables private peer-to-peer messaging. Satellite IM plans to offer early access to its desktop app this summer and launch its mobile-native app called UpLink in the fall.

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