DAOLaunch, a Japanese-based decentralized platform that offers fundraising solutions, has completed its $1.5 million seed round funding from several domestic and foreign investors. The round saw participation from prominent VCs such as ZBS Capital, x21 Digital, and BSCstation.
According to its website, DAOLaunch aims to create a fair investment environment for startups by directly connecting investors and entrepreneurs. In addition to raising funds by issuing tokens, the project plans to prepare an environment for entrepreneurs to take on challenges by preparing subsequent marketing support and subsidy systems.
In addition to X21 Digital and ZBC Capital, the round was attended by Meridian Capital, BAP Ventures, Onebit Ventures, BSC Station, BAS Alliance, York St Capital Pty Ltd, and others. The funds raised will be used to expand the team, per the company’s press release.
Furthermore, after implementing a crowdfunding function, the project plans to implement a “distributed venture capital concept” that records the investment performance of individual investors.
“We are pioneering a future where financial tools in the crypto space are so easy to create that no coding skills are required. This will benefit both startups and investors,” said Sakuro Imayama, DAOLaunch’s Founder and CEO.