seed round procurement
Social Graph’s project “Lens Protocol” announced on the 8th that it has raised $15 million in a seed round.
Today, we’re excited to announce our $15 million funding round to accelerate the adoption of the next generation of the internet powered by human connection –- the people-powered social layer. pic.twitter.com/EIbWeWAYiW
— Lens Protocol (@LensProtocol) June 8, 2023
The round was led by IDEO CoLab Ventures. VCs such as General Catalyst, Variant, Blockchain Capital, Palm Tree, Tencent’s investment arm; DAO organizations such as Flamingo DAO, DAOJones, Punk DAO, DAO5, Global Coin Research; industry insiders such as Uniswap CEO and co-founder of OpenSea are also participating.
Lens Protocol is a project started by Web3 company “Aave Companies”, which has a track record of building the DeFi (decentralized finance) project “Aave”. A social graph is a human relationship on the Internet such as followers. App developers can easily introduce social network functions by utilizing Lens Protocol’s technology. Lens currently works on polygons.
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Lens plans to further expand its ecosystem with the new funding raised this time.