DaoLens raises undisclosed sum in funding from CoinDCX cofounders, others

• ByStartupStory     |    July 15, 2022

DaoLens, a B2B decentralized autonomous organization (DAO) service provider, has secured an unknown amount of funding via 36 angel investors, namely CoinDCX cofounders Neeraj Khandelwal and Sumit Gupta, and Nazara Technologies NSE -1.19 percentage CEO Manish Agarwal, among others. Last month, the business received $5 million (approximately Rs 39 crore) in investment headed by Nexus Venture Partners, with involvement from angel investors such as Balaji Srinivasan and Polygon co-founder Sandeep Nailwal.

The firm announced today that it will distribute one-of-a-kind, non-transferable, non-fungible tokens (NFTs) to a handpicked few investors. “DaoLens is seeking to tackle a range of challenges – from discovery to onboarding to significant contribution and successful operations – to help build a DAO-first world,” said Coinbase board member Gokul Rajaram, who is now an investor in the business.

DaoLens, a Web3 firm founded in January by Vikram Aditya and Apoorv Nandan, aims to simplify how DAOs run with a suite of tools focused on improving the discovery, onboarding, & contribution processes among DAOs and their community members.

“To create a DAO-first world, we must simplify the way DAOs work – both in terms of their contribution and management. DaoLens seeks to overcome the system’s underlying obstacles so that DAOs may become mainstream and then a long-term solution for enterprises,” Aditya said in a remark.

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