[Funding alert] DAOLens closes $5M in a Pre-Seed round to simplify decentralised work
Summary
Bengaluru-based Web3 startup DAOLens on Wednesday announced that it has raised $5 million in a Pre-Seed funding round led by Web3 investors Nexus Venture Partners, Better Ventures, and iSeed II.The round also saw participation from Web3 investors, including Gokul Rajaram (Board of Director, Coinbase), Sandeep Nailwal (Co-founder of Polygon), Raj Gokal (Co-founder of Solana), Simon Doherty (VP of Animoca Brands), and Arjun Sethi (Co-founder of Tribe Capital).Other marquee investors, including Balaji Srinivasan, Kunal Bahl and Rohit Bansal (Co-founders of Snapdeal), Kunal Shah (CEO of CRED), Manish Agarwal (CEO of Nazara Technologies), as well as Vishal Gupta and Narendra Rathi (investment advisors at Softbank), also participated in the round.In the next few days, the firm is planning to launch non-transferable non-fungible tokens (NFTs) to selected investors as a token of its gratitude.In January 2022, Apoorv Nandan and Vikram Aditya co-founded DAOLens to help decentralised autonomous organisations (DAOs) effectively onboard and manage contributors. Currently, the startup is building a host of infrastructure-based DAO tooling to minimise the contributor churn and help new users onboard a DAO.When asked about competition in the DAO tooling space, Apoorv Nandan, Co-founder and CEO of DAOLens, explained to The Decrypting Story,