DAOLaunch Raises $1.66M
DAOLaunch Raises $1.66M
DAOLaunch, a decentralized venture capital has announced that it has completed its seed funding round of approximately $1.66 million individual investors and prominent VCs such as ZBS Capital, x21 Digital and BSCstation.
We would like to take this opportunity to thank all investors, partners, and the community for their support of the project ahead of our launch in the upcoming week.
About Funding Round
Using the funds raised we have hired 4 international marketing professionals from across the world (UK, Dubai, South Africa, India) and more than 20 international software engineers. We have realized the full platform development in a short period of six months!
By the end of this year, we aim to establish an official entity corporation that will be our 2nd base in Dubai, where various technology and crypto companies are accelerating their growth with the help of favorable laws.
Source of $1.66M Funding Round:
York St Capital Pty Ltd
Message from the Founder, Sakuro:
“Firstly, I would like to thank our partners and the community for their continued support in addition to the funding.
We started in early 2021 with the aim of realizing a fair start-up investment environment where entrepreneurs and investors can interact with no third party by eliminating intermediate organizations with all deals taking place on the blockchain. I was able to clear major hurdles one by one as I spent sleepless nights working with the development and the marketing team as we pushed to see this dream become a reality. This was all done with the community as our starting point.
The platform first released a crowdfunding function, then recorded the investment performance of each individual investor on a unique NFT (DVC-NFT), and was the first in the world to implement a “decentralized venture capital initiative” that allows everyone to brand themselves as a venture capital firm. In addition, we will create our own start-up investment portfolio on NFT *(DVC-NFT), and open up the “venture capital buyout market” which is a market to buy and sell directly in an auction.We would like to thank you for your continued support.”
DAOLaunch Ltd. Co-Founder CEO
About Platform Release
DAOLaunch, a decentralized funding platform currently under development was initially released in mid-May 2021. In the future, various startups will be able to use the DAOLaunch for token issuance, funding through NFT, and marketing measures using an NFT.
Ahead of that, the utility token $DAL issued by DAOLaunch will be consecutively released on the 17th, 18th and 19th on ‘BSC Station’ ‘Trustpad’ and ‘Gate.io’.
Additionally, the $DAL token will be added to ‘pancakeswap’ on the same day Gate.io is due to be listed.
DAOLaunch connects challenging entrepreneurs and individuals directly on the blockchain to support investors, allowing anyone across national borders to seamlessly create and support new financial products.
We are interested in start-up companies that are considering alternative fundraising methods. DAOLaunch will provide marketing support up till and after you complete your fundraising rounds. We will also provide marketing services on your behalf through our new and exclusive “NFT Farm” Function.