Blockchain startup: Kandola secures about $450K in pre-seed round via AlphaWave Global
- ByStartupStory | April 5, 2022
Kandola,the blockchain startup announced that it secured $450,000 in a pre-seed round. To expand the team and develop a wide range of technologies, the raised funds in this round will be utilised.
Along with Sandeep Nailwal, Co-founder of Polygon; and Harsh Rajat Founder of Ethereum Push Notification Service (EPNS), the pre-seed round was led by AlphaWave Global. The round also saw participation from Venture capital firm Arcanum Capital.
With the aim of building a strong blockchain community, the startup was founded by Krithika Radhakrishnan, Siddharth Banerjee, and Sriram Padmanabhan.
Siddharth Banerjee, CEO of Kandola, said that they hope to attract aspiring talent who will help us build Kandola from the ground-up,with immense belief in the rapidly growing Web3 community.
He further added that they are already on course for a paradigm shift. Any company working towards making this possible will be a part of an ongoing meta revolution; data being controlled and monetised by the owner is obvious and yet ambitious.
An IoT platform powered by people is also been build by the firm. The Bengaluru-based startup plans to launch a test network to test new features or test Dapps (decentralised applications), TestNet, in the next six months.
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