Get All Access for $5/mo

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.
News and Trends

Palette Brands, Clapingo, and Finsall Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Growth Strategies

Can NEET Exam Be Manipulated? What We Know So Far

Around 1500 students from six centres complained that they were not given the full time for completing the exam, because of various reasons including distribution of the wrong question paper, torn OMR sheets, technical glitches, and delay in distribution of the OMR sheets.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.