Web3 startup Samudai raises USD 2.5 Mn in pre-seed funding

DAO platform Samudai recently closed a pre-seed financing round of USD USD 2.5 million. FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Lunar Ventures, NxGen, Paradigm Shift Capital, DWeb3 Capital, Builders Tribe, and Superteam DAO participated in the round. 

Samudai, which means “community” in Hindi, was founded in 2022 and incorporated in Singapore by Kushagra Agarwal and Navin, who met in college and have been working together for over five years. The company operates globally and remotely. 

The fresh funds will be used to grow the team, accelerate development, and bring its platform to market.

“We’re 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,” said Samudai co-founder Navin.

The startup is planning a full productivity suite for DAOs that includes a Web3 native project management framework, team graphs, an analytics dashboard, a roster of talented Web3 professionals to facilitate collaboration and a verifiable reputation metric called “Bushido.”
The platform enables unprecedented levels of customisation and facilitates large-scale coordination and executions among DAOs. Samudai 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.