[Funding alert] DaoLens raises funding from CoinDCX co-founders, 35 others

Web3 startup DaoLens has raised an undisclosed amount in funding round from 36 angel investors, including CoinDCX co-founders Neeraj Khandelwal and Sumit Gupta, CEO Manish Agarwal, among others.

The startup said the latest funding is an extension of the previous round.

Last month, it had raised $5 million in its Pre-Seed funding round from Web3 investors Nexus Venture Partners, Better Ventures, and iSeed II. The round also saw participation from angel investors such as Balaji Srinivasan and Polygon co-founder Sandeep Nailwal.

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The Bengaluru-based DaoLens was founded in January 2022 by Apoorv Nandan and Vikram Aditya, It helps Decentralized Autonomous Organizations (DAOs) to effectively onboard and manage contributors. Currently, it is building several infrastructure-based DAO tooling to reduce contributor churn and assist new users to the DAO.

“To build a DAO world in the first place, we need to simplify the way DAOs operate – in terms of contribution and management. DaoLens wants to address fundamental bottlenecks in the system so that DAOs can become mainstream and a sustainable option for companies in the long term,” said, Vikram Aditya, Co-founder of DAOLens.

The startup said it will launch a one-time, non-transferrable non-fungible token (NFT) for select investors today.

Coinbase board member Gokul Rajaram, who is also an investor in the startup, said: “DaoLens is looking to solve a range of problems – from discovery to integration, meaningful contribution and effective operations – to help create a DAO world in first place”.

About DaoLens

DaoLens is working towards bridging the contributor gap problem around DAO (Decentralized Autonomous Organizations). At DaoLens they help contributors discover DAOs where they belong.