Monday, September 26, 2022
HomeInsightFunding Alert Samudai raises $2.5 mn in pre-Seed funding round

[Funding alert] Samudai raises $2.5 mn in pre-Seed funding round

[Funding alert] Samudai raises $2.5 mn in pre-Seed funding round

Samudai, a decentralized autonomous organization (DAO) platform for managing and building communities in the Web3 ecosystem, has raised $2.5 million in Pre seed funding round from group of angel investors.

Many prominent investors including Sandeep Nailwal (Polygon) ; Harsh Rajat, (EPNS); Tamar Menteshashvili (Solana) ; Devfolio, Balaji Srinivasan (former CTO, Coinbase) ; Charles Songhurst (Serial Investor) ; Akshay BD (Superteam DAO) ; Tanmay Bhat (Superteam DAO) ; Mayur Relekar (Arcana) ; Jennifer Tran (Mintgate), Dermot O’Riordan (Unstoppable), Nelson Ryan (Unstoppable), and others invest in this company.

The round also saw participation from Lunar Ventures, NxGen, Paradigm Shift Capital, DWeb3 Capital,FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Builders Tribe, and Superteam DAO.

The startup plans to use the funds to continue growing the team, accelerate growth, and bring its platform to market.

Singapore-based Samudai was founded in 2022 by Kushagra Agarwal and Navin, Its platform will enable unprecedented levels of customization and facilitate large-scale coordination and execution between DAOs.

The startup is planning a full productivity suite for The DAO, which includes a Web3 native project management framework, team graphs, and an analytics dashboard, along with building a roster of talented Web3 professionals called “Bushido”.

“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,” said, Navin, Co-founder of Samudai.

“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”, he added.

The startup plans to launch a private alpha version of its platform for a small group of users this summer, with a public beta stage in mid-July later in 2022.

About Samudai

Samudai means ‘a community’ and that is where the heart of our team lies. They are a team of ‘cryptonites’ who call themselves co-builders of the DAO future. It all started when they decided to build tools for the creator economy in 2020. After multiple iterations, countless clean slates, and hours of conversations with the team and the Web3 ecosystem, tehy built Samudai.

Samudai organizes information and provides tools to enable seamless coordination across the DAO ecosystem through an all-in-one platform.

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