Ajna Capital Backs Hivemapper, the World's First Decentralized Mapping Network

DUBAI, UAE, June 23, 2025 /PRNewswire/ -- Ajna Capital, a leading early-stage Web3 venture fund, today announced that it has taken a strategic stake in HONEY, the native token of Hivemapper, the world's first decentralized mapping network. Ajna Capital will work closely with Hivemapper, accelerating its mission to democratize map-building, rewarding global contributors, and unlocking new geospatial use cases.

Hivemapper's platform radically transforms how maps are created and maintained, moving from centralized mapping monopolies to a community-first model. Contributors capture 4K street-level imagery using dashcams, earning HONEY tokens for building an ever-expanding, real-time global map. The result is fresher coverage, cost efficiency, and open data utility for industries ranging from logistics to urban planning.

Hivemapper has raised over $21 million in funding to date, with backing from top-tier investors such as Van Eck, Multicoin Capital, GV (Google Ventures), Spark Capital, and Solana Ventures. The project has consistently attracted institutional investors and thought leaders in the DePIN and Web3 ecosystems. Ajna Capital has acquired approximately 1.5% of the total circulating supply of HONEY and will work closely in an advisory role, helping the project expand its reach and impact in South Asia, especially India.

"Hivemapper is building a decentralized, contributor-owned map of the world. Ajna's strategic stake gives us the ability to tap deeper into regional insights, talent, and partnerships across South Asia as we scale our contributor base and coverage" said Ariel Seidman, CEO of Hivemapper. "Decentralized mapping is a powerful example of token incentives unlocking real-world impact," said Gourish Singla, Founding Managing Partner of Ajna Capital. "We're thrilled to back Ariel and his team as they lead the next wave of geospatial innovation."

For more information, users can visit hivemapper.com.

About Hivemapper

Hivemapper is the world's first decentralized mapping network that rewards community contributors with HONEY tokens for collecting and uploading 4K street-level imagery. Built on Solana, the platform empowers a global network to create dynamic, ever-updating maps for logistical, commercial, and civic applications.

About Ajna Capital

Ajna Capital is a Web3-native early-stage venture fund backing bold founders and real-world blockchain applications, offering capital, strategic guidance, and access to a deep network of partners and institutional investors.

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SOURCE Ajna Capital