What is xDAO?
xDAO operates as a comprehensive multi-chain framework designed for the creation and management of Decentralized Autonomous Organizations (DAOs). The platform facilitates instant DAO deployment, on-chain governance, seamless DeFi integration, and robust legal infrastructure, thereby lowering the barrier to entry for users who may not possess extensive coding expertise. Its services cater to a diverse clientele, ranging from family funds and investment clubs to global enterprises and charitable foundations, enabling transparent asset management and governance for efficient operation within the digital economy.
How much funding has xDAO raised?
xDAO has raised a total of $2.3M across 1 funding round:
Angel/Seed
$2.3M
Angel/Seed (2022): $2.3M with participation from Telos Foundation and Grizzly Capital
Key Investors in xDAO
Telos Foundation
The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications.
Grizzly Capital
GRIZZLY CAPITAL is a venture capital firm that provides comprehensive support for innovative projects from inception to mass adoption. Their services include code reviews, marketing strategies, advisory on tokenomics, and fostering connections within the industry.
What's next for xDAO?
This substantial enterprise-level backing positions xDAO for accelerated expansion and further development of its multi-chain DAO framework. The strategic investment signals confidence in xDAO's model for enabling decentralized governance and asset management across a wide array of blockchains. Future initiatives are likely to focus on enhancing platform capabilities, expanding blockchain support, and forging deeper integrations within the decentralized finance ecosystem, solidifying its role as a key enabler for organizations transitioning to Web3.
See full xDAO company page
