Seed round. Open now.
Mālama Labs is raising up to $5,000,000 on a post-money SAFE at a $20M valuation cap, with rolling closes. Eligible investors may receive a token side letter for contingent participation in a future Mālama network token, subject to regulatory clarity.
Eligible investors may receive a separate token side letter providing contingent participation rights in a future designated Mālama network token (MLMA), if launched. Subject to applicable law, compliance procedures, vesting, lockups, transfer restrictions, and final launch structure. Not a present token sale.
Rolling closes. Pro-rata rights reserved for seed investors. Series A trigger: 20+ live projects with recurring MRV revenue. Three-to-five year hold target.
Scheduled emissions stop after Year 3.
Mālama's MLMA model uses token issuance only as a limited bootstrap mechanism. Scheduled emissions are constrained to the cold-start period and end after Year 3. Years 4 and 5 are modeled as revenue-funded, not emission-funded. Modeled revenue is the same multi-market operating plan as the Financial Model below: Year 5 base case $163M recurring (conservative ~$65M at 40% addressable volume). Many DePIN protocols depend indefinitely on inflation. Mālama is designed not to.
Year 5 revenue by market (base case).
Model basis: Conservative case assumes 40% of total addressable volume per market. Base case assumes 60–70%. Numbers below represent the base case operating plan. All figures in USD.
Revenue by Market (Year 5 Base Case)
Where the capital deploys.
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