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BTCC / BTCC Square / Global Cryptocurrency /
NGP Capital Backs Impossible Cloud Network at $470M Valuation in Web3 Infrastructure Play

NGP Capital Backs Impossible Cloud Network at $470M Valuation in Web3 Infrastructure Play

Author:
Global Cryptocurrency
Published:
2025-05-22 11:13:01
18
3

ZUG-based Impossible Cloud Network has secured strategic funding from NGP Capital, the Nokia-backed VC firm behind Helium’s rise. The $470 million valuation underscores institutional confidence in decentralized cloud infrastructure as Web2 giants explore blockchain-based alternatives.

Founder Kai Wawrzinek, previously behind NASDAQ-listed Goodgame Studios, positions ICN as a solution for data-sovereign enterprises. "NGP brings unmatched cloud and edge expertise," Wawrzinek noted, signaling maturation in Web3’s enterprise adoption curve.

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