SubDAO Completed a New Round of Financing, Involving Dozens of Investment Institutions and Individuals

SubDAO Completed a New Roud of Financing, Involving Dozens of Investment Institutions and Individuals
SubDAO Completed a New Roud of Financing

SubDAO officially completed a new round of financing. This round of financing was involving Hypersphere Ventures, Huobi Ventures, OKEx Blockdream Ventures, CMS Holdings, Signum, NGC Ventures, Digital Finance Group(DFG), Spark, SevenX, LD Capital, Digital Renaissance Foundation, Dealean, Kernel, Divergence Ventures, Bixin Ventures, Kenetic Capital, AU21 Capital, Illusionist Group to participate, and individuals including early team members and former chief growth officer of the DCG Group, Massari founders Ryan Selkis, Mask Network founders Suji participated in the investment.

SubDAO is Polkadot’s DAO infrastructure. The founding team of SubDAO is composed of the former IBM Technical Team Lead and well-known early Polkadot’s developers, with rich experience working for IBM, Tencent, Alibaba, and so on. In addition, Jack Platts, former director of external cooperation of the Web3 Foundation and partner of Hypersphere Ventures, serves as a strategic contributor to SubDAO.

The SubDAO team has obtained two grants from the Web3 Foundation. The first grant has been completed and submitted for approval, and the development of its second grant is currently in progress. The SubDAO team will actively participate in the parachain auction, and the specific auction plan will be announced recently.

About Hypersphere

Hypersphere Ventures was founded by Polkadot Co-founder Robert Habermeier and Jack Platts. Jack Platts has been deeply involved in the Polkadot projects at the Web3 Foundation for more than 2 years and will continue to support the Polkadot ecosystem through the Hypersphere Ventures​ fund.

About Huobi Ventures

Huobi DeFi Labs is an ecosystem investment fund of Huobi Group, committed to establishing a new financial system for the future through cooperation with cryptocurrencies and communities worldwide.

About OKEx Blockdream Ventures

OKEx’s Blockdream Ventures has invested and supported dozens of blockchain projects around the world since its establishment, some of which have been launched on OKEx and other mainstream trading platforms. In the future, OKEx Blockdream Ventures will be committed to working and growing with passionate dreamers and founders to create value for the blockchain industry, while sharing our global resources and historical experience with the founders.

About CMS Holdings

CMS Holdings was founded by Daniel Matuszewski, former head of Circle Trade, an OTC platform owned by the crypto asset company Circle. Other partners of the company include Bobby Cho, former head of trading in the crypto department of the broker Cumberland DRW, and Julien Collard, former head of technology at Circle. Seguin.

About Signum

Signum is a Singapore-based firm that exclusively consults in Blockchain-enabled companies. The mission of the company is to realize the future of the Blockchain economy by consulting in game changing projects and companies.

About NGC Ventures

NGC Ventures is a venture capital fund focusing on blockchain technology and applications. The team members come from financial institutions such as GuoTaiJunAn, Goldman Sachs, Dragon Tree Capital, and technology companies such as IBM and WebVisions. With rich investment, management and entrepreneurial experience, It manages approximately $400 million funds in assets. NGC Ventures is the earliest supporter of projects such as Algorand, Solana, Zilliqa, and Elrond.

About Digital Finance Group

Digital Finance Group (DFG) is a diversified business group that focuses on blockchain and digital assets. Its business sections consist of angel round investment, venture capital, private equity, strategic investment, and merger & acquisition. DFG is a partner to help start-ups and entrepreneurs grow and bring pioneering blockchain technology to scale in several areas, including core infrastructure, digital asset exchanges, payment, remittance, and other use cases.

About Spark

Spark Digital Capital established in 2017, is a NY-based family office that invests in Blockchain-enabled companies. They firmly believe in a future where blockchain not only plays a significant role in the world but also creates unlimited efficiencies and opportunities for society and people’s lives. With their teams’ strong finance and technology background they aim to bring blockchain into prosperity.

About SevenX

SevenX Ventures is a research-driven blockchain investment fund and insists on immersive investment, and the team fully empowers the projects in designing marketing strategy, building tokenomics systems, gathering industry resources, and other aspects.

Investment portfolio including Acala,Darwinia, MXC, Litentry, Crust, Bifrost, Zenlink, Subquery, Bit Country, Dora Factory, Polkaswitch, Deeper Network, Parastate, IntegraTEE, DoDo, Maskbook, Opium, Furucombo, Dao Maker, YGG, Kine, Zerion, Deepdao, Oasis, Vega, InsurAce, Whale Shark, Rocket Protocol, Octopus, O3 SWAP and so on.

About LD Capital

LD Capital is the most reputable investment firm in China focusing on Blockchain Investment, Securities, Equity Investment, and Trading. Owing to industrial resource advantages and professional investment research team, LD Capital has successively discovered and invested in more than 200 companies. LD Capital overall achieved more than 100 times return with peak self-owned assets of nearly 1 billion US dollars.

About Digital Renaissance Foundation

Digital Renaissance Foundation is a crypto-native investment institution and has been working with entrepreneurs to build a truly open digital world since 2017. Digital Renaissance Foundation supports entrepreneurs to build a multi-chain ecosystem and infrastructure such as Polkadot, Near, and Arweave that truly conforms to the original values of the crypto.

About Dealean

DEALEAN CAPITAL is a leading blockchain investment company and committed to supporting those who promote and innovate blockchain technology teams, contribute to the development of blockchain technology. Dealean team mainly focuses on the investment of technology-driven and innovative blockchain projects. Through resource integration and the participation of head resources in the incubation, it makes up the shortboard of transformation of technological innovation and development achievements and improves the angel investment ecology in the new technology field.

It sets up a primary market fund and a secondary market fund respectively. Primary market funds are more inclined to early-stage investment and incubation of projects, while secondary market funds are more involved in innovation and investment in different fields.

About Kernel

Kernel Ventures is founded with the mission to back the most ingenious founders and foster the constant growth and evolution of blockchain within several verticals including but not limited to Open Finance, Privacy Calculus, Web 3.0, Layer 2, NFT, and DAO.

About Divergence Ventures

Divergence Ventures is a venture capital firm established by blockchain project operators, including Calvin Liu and Geroge Lambeth, strategic directors from Compound and Balancer, respectively based in San Francisco, California. The firm seeks to invest in the information technology and financial services sectors and has invested in high-quality DeFi projects such as Compound, Balancer, and 1inch.

About Bixin Ventures

Bixin group is one of the largest crypto miners and wallet providers in Asia. We currently run around 300MW per hour on the mining business and also announced a 6600 BTC fund of funds with prop capital to invest in global quant funds. Bixin Ventures has also participated in several projects, including Algorand, Nervos, Microbit, Poolin, Mina, Zkswap, Arweave, Razor,epns.io,Conflux, Certik, Marlin, xDai, etc. The network of Bixin Investment extends across the Asia Pacific region in mining, quant funds, and crypto exchange space.

About Kenetic Capital

Kenetic Trading, founded by Jehan Chu, founder of the Hong Kong Bitcoin Association, Jehan Chu has developed trading technology to execute systematic cryptocurrency trading strategies and also offers cryptocurrency-based structured products to professional investors. The Venture Capital team invests in the equity of Series A / B Blockchain Technology companies.

About AU21 Capital

AU21 Capital was founded by Chandler Guo and Kenzi Wang in 2017 with the mission of backing the most promising blockchain entrepreneurs and providing founders with resources and connections to succeed. The AU21 Capital has extensive experience in various fields and has provided important guidance and consulting services for dozens of projects that have been successfully launched, and the investments including Litentry, Daomaker, Nsure, Reef, Polkastarter, Bridge Mutual, Xend, Paralink, Tidal, Plasm, and The Graph and others is on the plan to announce.

About Illusionist Group

Illusionist Group was founded in 2020 in Vietnam. With extensive experience in global fund distribution, strong relationships with investors, venture capitals, leading academic institutions, and fund platforms, we are well-positioned to support robust and innovative projects to grow a larger and stronger blockchain ecosystem.

About SubDAO

SubDAO is a DAO infrastructure based on Polkadot, where any decentralized organization is allowed to conveniently create and manage a DAO. SubDAO does not only connect DAO with DApps to realize DAO’s cross-chain management but also bridges Web 2.0 and Web 3.0.

With the Web 2.0 middleware provided by SubDAO, users can conduct DAO governance directly on traditional social media platforms. Developers can quickly integrate DAO governance capacities with their apps on blockchain, webpage, and mobile. Meanwhile, SubDAO’s templates and ecosystem tools will realize crypto assets management, credit lending, and borrowing, real-time communication, and other decentralized functions for DAO.

SubDAO is a DAO infrastructure based on Polkadot. It allows any decentralized organization to swiftly create and manage DAOs.