PANews reported on May 22 that WeatherXM, a crypto-driven weather station network and weather data provider based in Athens, Greece, raised $7.7 million in a Series A funding round. The round was led by Lightspeed Faction, with participation from Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, and Red Beard Ventures. WeatherXM plans to use the funds to expand its global weather station network, enhance data collection and analysis capabilities, and provide users with more accurate and real-time weather information.

In 2022, it was reported that the Web3 weather network WeatherXM completed a $5 million seed funding round, led by Placeholder VC.