- Presail has announced a €3.8 million funding round led by SNÖ Ventures.
- The company said the funds will be used to build its community-focused web3 funding platform.
- The round also attracted participation from Kraken Ventures, Skyfall Ventures and Weekend Fund.
Norwegian web3 startup Presail has secured €3.8m in a seed fund round led by SNÖ Ventures. The fundraiser also attracted participation from Kraken Ventures, Skyfall Ventures and Weekend Fund. Presail said it plans to use the funds to accelerate the development of its community-driven web3 funding platform.
The company was founded in 2021 in Oslo with a mission to accelerate web3 adoption with its web3 pre-sale offer management platform.
The startup also has the backing of some of web3’s top angel investors, including Avlok Kohli, CEO of AngelList Venture, Jessica Day, Chief Product Officer at AngelList Venture, and Aleksander Leonard Larsen, COO of Sky Mavis/Axie. Infinity.
Web3 is generally described as a next-generation version of the internet that takes advantage of emerging technologies such as AI, AR/VR, blockchain, and decentralized applications to facilitate immersive interactions in the metaverse.
According to the funding announcement, Presail was created to solve the problem of tracking pre-sale offers on the web3. The company’s founders struggled to organize their 200 pre-sale deals using manual spreadsheets.
Commenting on his company’s role in leading the round, Max Samuel, Partner at SNÖ Ventures, said“Presail is accelerating the secure and compliant expansion of the web3 investment landscape by providing a growing community with essential, easy-to-use tools and infrastructure. Presail removes the operational frictions, labor, and risks that prevail in today’s manual Web3 investment processes, bringing new market players into the space and allowing investors to focus on their core mission of identifying and supporting great projects.
The company said it has already onboarded a range of clients from investment communities to nation states.
The company will also use the funds raised to expand its team, which will allow it to quickly develop and launch new products.
Sebastian Almnes, CEO and co-founder of Presail, commented: “It’s gratifying to see the excitement around what we’re building. We are ten months away and I am grateful to have some of the strongest funds and angels in our corner. We are now ready to redouble our efforts and continue to show that we can create innovative solutions that solve complex problems. »
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