Munich-based Silencio Network, a startup developing a network of decentralized sensors combating noise pollution, announced on Friday that it has secured $1M (approximately €928K) in a pre-seed round of funding led by Borderless Capital. 

Other investors, including Moonrock Capital, Master Ventures, and others, participated in the funding round. 

Silencio will use the capital to accelerate growth, enhance data integrity, foster partnerships, and further strategic initiatives. 

Thomas Messerer, CEO and co-founder of Silencio Network, says, “This investment goes beyond financial backing; it represents a shared belief in harnessing the power of blockchain for innovative data solutions. With Borderless Capital’s support, we are more equipped than ever to push the boundaries of data coverage in the decentralised era.” 

The funding comes as the German company aims to revolutionise data coverage, through the integration of peaq – a layer-1 blockchain designed for real-world applications – and DePINs.

Silencio Network: Providing accurate, hyper-local noise pollution data

Founded by Thomas Messerer, Eric Stotz, and Theo Messerer, Silencio Network is a decentralised network that provides local data to create a complete noise map and rewards users in the token, enabling users to participate in the combat against noise pollution.

The company leverages Peaq blockchain to offer secure and scalable data management services. 

The German company collects data over a total area equivalent to twice the size of Miami weekly. This scale of operation showcases the network’s robust data collection capabilities. 

Since its launch, Silencio Network has seen exponential growth, doubling its user base to 92,000 in just one month and growing by 12k users weekly (time of writing). 

Silencio has a 50 per cent monthly engagement rate, exceeding the industry standard rate of 2.5 per cent by 20-fold.

The investor

Borderless is an investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. 

Since 2018, Borderless has made 200+ investments across infrastructure, business applications, and nascent cryptographic protocols.

Álvaro Gracia, Partner at Borderless Capital states, “Borderless is excited to support the growth of Silencio. Their unique approach to building a hardwareless DePIN, leveraging the different sensors in a modern smartphone, is unique and will prove to support a faster supply side growth.”