Web3 startup Samudai raises $2.5 million in pre-seed funding

Samudai, a DAO (Decentralised Autonomous Organization) platform for building and managing communities in the Web3, has closed a $2.5 million pre-seed funding round from well-known investors like FTX Ventures, Sino Global Capital and Coinbase Ventures.

The round also saw participation from prominent angel investors like Balaji Srinivasan and Polygon founder Sandeep Nailwal.

Based in Singapore, Samudai was started this year by Kushagra Agarwal and Navin. The company plans to launch a full productivity suite for DAOs, a project management network, and other tools to facilitate collaboration among Web3 users.

“We’re grateful for the support of such well-known investors in innovation, which will help us make it easier for DAO Admins and contributors to nurture a healthy work-life while advancing global coordination in this industry. We believe work culture can make DAOs great and defensible, but admins and members are presently spending too much time on operational issues. To remedy this, we have designed a platform that gives DAO teams and contributors a better view of how contributors are interacting and, most importantly, will improve productivity by gathering all the operations in one place and simplifying the process,” said Navin, cofounder, Samudai.

The company will launch its public beta platform post-July, this year.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.