Squads Raises $1.5 Million in its Seed Round
Summary
Squads is excited to announce, they raised a $1.5 Million seed round to take the DAO framework mainstream, led by Collab+Currency. Ryan Selkis, Ryon Nixon, Chris Hermida, and Julia Lipton are the angel investors supporting them on this round. Squads is here to simplify the DAO framework and make it accessible to the majority of users who either already firmly exist in the web 3.0 space or are just discovering it. By combining the core DAO primitives under one platform and building it on a fast and scalable layer 1 blockchain like Solana, we hope that Squads will become a social hub for web 3.0 coordination. Squads focus on a clean and simplified UI/UX combined with scalability and predictable fees that Solana provides — allow to democratize the DAO framework and make it available to a wide range of use cases across the web 3.0 landscape and beyond.
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