Nexus Venture Partners, Better Ventures, and iSeed II led the round with participation from 40+ angel investors.
The startup is building tools for Web3 adoption – right from helping individuals find relevant DAOs, to DAOs managing operations or Web2 companies taking operations to Web3.
It plans to use the funds for product development and team expansion.
DAOs or decentralized autonomous organizations are the ultimate standards of what Web3 is trying to achieve – transparent, member-controlled communities beyond the influence of a government or leadership. Founded by Web3 enthusiasts and IIT Guwahati batchmates Vikram Aditya and Apoorv Nandan, DAOLens identified that the tools to build or join such a community were scarce. Thus, it decided to launch Web3-specific SaaS tools to aid the DAOs in January 2022.
As DAOLens started to build its initial momentum, the Bengaluru-based startup has announced that it has raised $5 Mn in a pre-seed round led by Nexus Venture Partners, Better Ventures, and iSeed II.
