Samudai Raises $2.5 Million In Pre-Seed Funding The platform plans to utilize the fund to continue growing its team, accelerate the development and bring the platform to the market

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Samudai, a decentralized autonomous organization platform for managing and building communities in the web3 ecosystem, has raised $2.5 million in pre-Seed funding round. The round saw participation from FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Lunar Ventures, NxGen, Paradigm Shift Capital, DWeb3 Capital, Builders Tribe and Superteam DAO. The newly raised fund will be used to continue growing the team, accelerate the development and bring the platform to the market.

"We are grateful for the support of such well-known investors in innovation which will help us make it easier for DAO admins and contributors to nurture a healthy work-life while advancing global coordination in this industry. We believe work culture can make DAOs great and defensible but admins and members are presently spending too much time on operational issues. As a solution, we designed a platform that gives DAO teams and contributors a better view of how contributors are interacting and will improve their productivity," said Navin, co-founder, Samudai.

The platform claimed that it plans to launch a private alpha version of its platform to a small group of users this summer, around mid-July, with a public beta phase later in 2022. It is also planning a full productivity suite for DAOs, including a web3 native project of talented web3 professionals to facilitate collaboration with a proprietary and verifiable reputation metric called Bushido.

Founded in 2022 by Kushagra Agarwal and Navin, Samudai platform will enable unprecedented levels of customization and facilitate large-scale coordination and executions among DAOs.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Marketing

Yes, AI Might Take Your PR Job. Here's What You Can Do About It.

As AI reshapes the PR industry, professionals who embrace technology, focus on creativity and build genuine connections can secure their place in the future of public relations.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

Starbucks Is Limiting Mobile Orders to Reclaim the Coffeehouse's 'Connection' With Customers

The coffee chain has made a spate of recent changes to its stores.

Growing a Business

How to Leverage Your Human Design Profile for Effective Communication and Business Success

Understanding your Human Design profile can enhance communication, leadership and business growth by leveraging your unique strengths.

Growing a Business

Why Data Centers Are the New Powerhouses of the AI Economy — and How They Can Strengthen Your Brand

As AI reshapes industries, data centers have evolved into critical drivers of innovation, sustainability, and customer trust. Learn how the right infrastructure choices can boost your brand, future-proof your business and unlock competitive advantages in the AI economy.