Polkadot-Powered Mandala Chain Secures $1M in Pre-Seed Funding
Mandala Chain, an L1 focused on bridging the gap between government, enterprise, and retail in emerging markets, has completed its pre-seed funding round and secured $1 million in capital.
The funding round saw Harbour Industrial Capital at the helm, with O-DE Capital, NLS Ventures, and key players from the Polkadot ecosystem joining in on the action. This milestone signifies a crucial advancement in Mandala Chains mission to bring the next 100 million users into the Web3 ecosystem, leveraging its cutting-edge blockchain infrastructure while tackling real-world challenges in emerging markets.
We are deeply grateful for the confidence our investors have shown in our vision to make blockchain technology accessible and impactful for emerging markets, said Mathew Paul, CEO of Mandala Chain Foundation. This funding will drive our efforts to deliver scalable, real-world solutions that empower and bridge the gap between expanding and established blockchain markets.
Max Rebol, CEO of Harbour Industrial Capital, added: As a Polkadot ecosystem fund, we love to invest into projects that understand how to leverage Polkadots next-generation technology stack to enable mass adoption of Web3. We are therefore thrilled to support Mandala Chain in building out services that solve real problems in one of the worlds most dynamic regions.
This funding empowers Mandala Chain to enhance its operations, forge strategic alliances, and broaden its footprint in burgeoning markets. Mandala Chain is set to revolutionize the blockchain landscape by prioritizing practical, real-world applications, kicking off its journey with significant initiatives in Indonesia to foster genuine adoption of this transformative technology.
For media inquiries:
Email: info@MandalaChain.io
Read more: https://zycrypto.com/polkadot-powered-mandala-chain-secures-1m-in-pre-seed-funding/
Text source: ZyCrypto
