Web3 startup Samudai raises $2.5 million in pre-seed funding

Samudai, a DAO (Decentralised Autonomous Organization) platform for building and managing communities in the Web3, has closed a $2.5 million pre-seed funding round from well-known investors like FTX Ventures, Sino Global Capital and Coinbase Ventures.

The round also saw participation from prominent angel investors like Balaji Srinivasan and Polygon founder Sandeep Nailwal.

Based in Singapore, Samudai was started this year by Kushagra Agarwal and Navin. The company plans to launch a full productivity suite for DAOs, a project management network, and other tools to facilitate collaboration among Web3 users.


“We’re grateful for the support of such well-known investors in innovation, which will help us make it easier for DAO Admins and contributors to nurture a healthy work-life while advancing global coordination in this industry. We believe work culture can make DAOs great and defensible, but admins and members are presently spending too much time on operational issues. To remedy this, we have designed a platform that gives DAO teams and contributors a better view of how contributors are interacting and, most importantly, will improve productivity by gathering all the operations in one place and simplifying the process,” said Navin, cofounder, Samudai.

The company will launch its public beta platform post-July, this year.