Denpasar, Bali / Indonesia, December ninth, 2024, Chainwire
Mandala Chain, an L1 devoted to connecting authorities, enterprise, and retail in rising markets, declares the profitable closure of its pre-seed funding spherical, elevating $1 million.
The spherical was led by Harbour Industrial Capital, with extra participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem companions. This milestone marks a pivotal step in Mandala Chain’s journey to onboard the following 100 million customers into Web3 by its revolutionary blockchain infrastructure and its give attention to addressing real-world challenges in rising markets.
“We’re deeply grateful for the boldness our buyers have proven in our imaginative and prescient to make blockchain know-how accessible and impactful for rising markets,” stated Mathew Paul, CEO of Mandala Chain Basis. “This funding will drive our efforts to ship scalable, real-world options that empower and bridge the hole between increasing and established blockchain markets”
Max Rebol, CEO of Harbour Industrial Capital, added: “As a Polkadot ecosystem fund, we love to take a position into initiatives that perceive how one can leverage Polkadot’s next-generation know-how stack to allow mass adoption of Web3. We’re subsequently thrilled to assist Mandala Chain in constructing out providers that resolve actual issues in one of many world’s most dynamic areas.“
This funding will allow Mandala Chain to scale its operations, construct strategic partnerships, and develop its presence in rising markets. With a give attention to deploying sensible real-world use instances, Mandala Chain goals to drive significant adoption of blockchain know-how, beginning with key initiatives in Indonesia.
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ABOUT
Mandala Chain is the Blockchain the place Authorities & Enterprise functions combine seamlessly with Public & Retail functions. It’s a community constructed to bridge the hole between Rising and International Blockchain Markets. Their first use case is in Indonesia, the place strategic assets and partnerships offers them benefits they’ll leverage to develop into broader markets.
Contact
CEO
Mathew Paul
Mandala Chain Basis
[email protected]
