[PRESS RELEASE – Denpasar, Bali / Indonesia, December 9th, 2024]
Mandala Chain, an L1 devoted to connecting authorities, enterprise, and retail in rising markets, declares the profitable closure of its pre-seed funding spherical, elevating $1 million.
The spherical was led by Harbour Industrial Capital, with further participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem companions. This milestone marks a pivotal step in Mandala Chain’s journey to onboard the following 100 million customers into Web3 by its progressive blockchain infrastructure and its concentrate on addressing real-world challenges in rising markets.
“We’re deeply grateful for the arrogance our traders have proven in our imaginative and prescient to make blockchain know-how accessible and impactful for rising markets,” stated Mathew Paul, CEO of Mandala Chain Basis. “This funding will drive our efforts to ship scalable, real-world options that empower and bridge the hole between increasing and established blockchain markets”
Max Rebol, CEO of Harbour Industrial Capital, added: “As a Polkadot ecosystem fund, we love to speculate into tasks that perceive how one can leverage Polkadot’s next-generation know-how stack to allow mass adoption of Web3. We’re subsequently thrilled to assist Mandala Chain in constructing out companies that remedy actual issues in one of many world’s most dynamic areas.“
This funding will allow Mandala Chain to scale its operations, construct strategic partnerships, and broaden its presence in rising markets. With a concentrate on deploying sensible real-world use circumstances, Mandala Chain goals to drive significant adoption of blockchain know-how, beginning with key initiatives in Indonesia.
For media inquiries, please contact:
Electronic mail: data@MandalaChain.io
ABOUT
Mandala Chain is the Blockchain the place Authorities & Enterprise purposes combine seamlessly with Public & Retail purposes. It’s a community constructed to bridge the hole between Rising and International Blockchain Markets. Their first use case is in Indonesia, the place strategic sources and partnerships provides them benefits they will leverage to broaden into broader markets.
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