Web3 investors Nexus Venture Partners, Better Ventures, and iSeed II led a $5 million pre-seed investment for DAOLens, an India-based decentralized autonomous organization (DAO) onboarding service.
DAOLens was founded early this year by Vikram Aditya and Apoorv Nandan with the goal of assisting DAOs in properly onboarding and managing contributors, a process that the creators considered excessively complicated for novices.
A discovery site, a contributor onboarding solution, and community management tools are presently available from the B2B Web3 business.
Solutions like Vikram’s make it easier for DAOs to retain operational efficiency as they expand, according to Vikram. He pointed out that there are almost 5,000 DAOs functioning throughout the world, with over US $9 billion in assets under administration.
The cash will be used by DAOLens for product development and talent acquisition, as well as to help with the introduction of its suite of tools. A part of the funds will be utilized to scale company operations to keep up with the startup’s growth.
A select of the company’s investors will get non-transferable NFTs as part of the funding round.
