Total raised
$18.0M
Last: Series A 2018-09
Stage
Series A
Founded
2017
Headcount
23
HQ
Tel Aviv-Yafo
Sector
Business Software
About
Spacemesh is a blockchain operating system designed to run general-purpose smart contracts at web scale. It is powered by a novel consensus protocol that is secure, proof-of-work free, and highly incentive compatible. Spacemesh is designed to create a highly decentralized P2P blockchain computer formed by individuals from around the globe running Spacemesh on their desktop PCs at home. Spacemesh is free, open-source software that aims to become a core internet protocol for blockchain computation. Spacemesh was developed by Unruly Technologies.
Funding history · 2 rounds · $18.0M total
2018-09
Series A
$15.0M
2018-05
Seed
$3.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the primary function of Spacemesh?
- Spacemesh is a blockchain operating system designed to run general-purpose smart contracts at web scale, utilizing a novel, proof-of-work-free consensus protocol.
- When was Spacemesh founded?
- Spacemesh was founded in May 2017.
- What is the current operational status of Spacemesh?
- Spacemesh is currently inactive, having ceased operations in April 2025.
- Where is Spacemesh headquartered?
- Spacemesh is headquartered in Tel Aviv-Yafo, Israel, with an additional office in New York, NY, USA.
- How much funding has Spacemesh raised in total?
- Spacemesh has raised a total of $18,000,000 across its funding rounds. For full financing history, refer to startupim.
- Which investors participated in Spacemesh's Seed round?
- In May 2018, Spacemesh raised $3,000,000 in a Seed round with investors including BRM Group and Slow Ventures.
- Which investor led Spacemesh's Series A funding round?
- In September 2018, Spacemesh raised $15,000,000 in a Series A round, led by Polychain Capital.
- What was a significant negative development for Spacemesh in April 2025?
- In April 2025, Spacemesh collapsed after its token value plunged by 1,750%, leading to the cessation of its operations.
- How many employees did Spacemesh have?
- Spacemesh had 23 employees.
Sectors & technology
Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsSoftware Development ToolsProduct Development Tools
Technologies
Data StorageDLT & Blockchain
Target customers
Enterprise & Professional ServicesSoftware Development
Business model
B2B
Tags
miningopen-sourcecryptocurrencyblockchainp2p