Mandala Chain (Powered By Polkadot) Secures $1 Million In Pre-Seed Funding
Date
12/9/2024 10:19:28 AM
(MENAFN- Chainwire)
Denpasar, Bali / Indonesia, December 9th, 2024, Chainwire
Mandala Chain , an L1 dedicated to connecting government, enterprise, and retail in emerging markets, announces the successful closure of its pre-seed funding round, raising $1 million.
The round was led by Harbour Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem partners. This milestone marks a pivotal step in Mandala Chain's journey to onboard the next 100 million users into Web3 through its innovative blockchain infrastructure and its focus on addressing real-world challenges in emerging markets.
This funding will enable Mandala Chain to scale its operations, build strategic partnerships, and expand its presence in emerging markets. With a focus on deploying practical real-world use cases, Mandala Chain aims to drive meaningful adoption of blockchain technology, starting with key initiatives in Indonesia.
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ABOUT
Mandala Chain is the Blockchain where Government & Enterprise applications integrate seamlessly with Public & Retail applications. It is a network built to bridge the gap between Emerging and Global Blockchain Markets. Their first use case is in Indonesia, where strategic resources and partnerships gives them advantages they can leverage to expand into broader markets.
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