Ramazan Eles 
Andrena, a Solana-based decentralized internet project, has successfully raised $18 million in a Series A funding round led by Dragonfly. This investment highlights the growing interest in decentralized infrastructure and the potential of Web3 to revolutionize internet connectivity.
The funding round attracted participation from several prominent cryptocurrency investment firms, including CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and ParaFi. This influx of capital will be used to further develop Andrena’s decentralized autonomous wireless network (DAWN) and expand its reach.
A Bold Vision for Decentralized Internet
Andrena envisions a world where individuals and communities can create and own their internet infrastructure. By leveraging solar energy and blockchain technology, the company aims to provide affordable and reliable internet access to underserved regions.
“We’re building the equivalent of solar panels for the internet,” said Neil Chatterjee, co-founder of Andrena. “People will be able to create their own networks and sell excess capacity back into the system.”
Strong Investor Interest
The company initially set a target of $5 million for the funding round but exceeded expectations by a significant margin. “We received overwhelming interest from investors,” Chatterjee said. “This funding will enable us to accelerate our development and expand our operations.”
Andrena has been providing internet services in 10 US states since 2019 and has been developing its DAWN system since late 2021. While a specific timeline for the token launch has not been announced, the company plans to leverage blockchain technology to incentivize network participation and governance.