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Daiwa Securities Group

Penguin Securities

Pheasant Network

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Pi Network

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				Stage	Investors
	Penguin Securities	$18.00 M	~$180.00 M	pre-Series A	+2	--	Finance	Feb 4, 2026
	Pheasant Network	$2.00 M	~$20.00 M	Seed Round			Infrastructure	Dec 10, 2025

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