AlgoDAO announces the closing of its US$2.5 million private funding round
26 April 2022 — AlgoDAO, a next-generation decentralized primary market infrastructure and Web3 accelerator for Algorand, is excited to announce the closing of its US$2.5 million private funding. The private funding round had participation from a global network of angel investors.
AlgoDAO’s mission is to make it easier for stakeholders to collectively support and invest in high-quality projects building on Algorand. When AlgoDAO is fully launched, it will function as a community-owned and community-driven accelerator and launchpad for Algorand.
The investments secured during the private funding round are crucial to helping AlgoDAO achieve its vision of accelerating the dApps, DeFi, Web3 and NFT ecosystems on Algorand.
In the words of Nathan Kaiser, Appointed Managing Director at AlgoDAO: “The various teams at AlgoDAO are humbled by the depth of support received from Algorand’s key ecosystem-shaping partners; some of whom have gone ahead to participate in our private funding round. We are not resting on our laurels and we can’t wait to open AlgoDAO up for new aspiring projects to launch on Algorand.”
About AlgoDAO: AlgoDAO is a next-generation decentralized primary market infrastructure and Web3 accelerator for the Algorand ecosystem. It is becoming a community-owned and community-driven ecosystem for incubation, launching, accelerating, and collectively investing into high-quality projects building on Algorand. https://algodao.fi
Connect with us on our social media platforms and online community channels.
- LinkedIn: https://www.linkedin.com/company/algodao-fi
- Discord: https://discord.gg/algodao
- Telegram group: https://t.me/AlgoDAOCommunity
- Telegram announcements: https://t.me/AlgoDAOAnnouncement
- Twitter: https://twitter.com/AlgoDAO_fi
- Medium: https://medium.com/@AlgoDAO.fi
