MakerDojo, a San Jose, California-based data analytics platform for Web3 that helps users query blockchain data and draw insights with shareable dashboards, raised $1.5 million in pre-seed funding.
The round was led by Leo Capital, with participation from UP2398 and Jan M. Leeman.
The funds will be used for talent acquisition and product innovation to expand offerings for all major blockchain protocols.
“As Web3 matures, we believe data-driven development would be essential to reach its full potential. We have seen in our early customers the challenges of accessing blockchain data and the effort it takes to draw insights. Through MakerDojo’s platform, we aim to simplify accessing Web3 analytics while reducing the barrier to entry,” said Priyank Chodisetti, co-founder of MakerDojo.
Company: MakerDojo Inc.
Raised: $1.5M
Round: pre-Seed Round
Funding Month: October 2022
Lead Investors: Leo Capital
Additional Investors: UP2398 and Jan M. Leeman
Company Website: https://makerdojo.io/
Software Category: Data Analytics Platform
About the Company: Founded in 2021 by Priyank Chodisetti, Vignesh Aigal, and Ajay Chintala, MakerDojo is a B2B SaaS company that automates data-extraction processes for blockchain networks through its AI-backed data analytics platform. Its AI engine will query the corresponding data sets and present the data in an easy-to-understand format, and users can use its pre-built dashboards to track tokens and dApps. MakerDojo intends to simplify developers' complex, error-prone, and capex-heavy blockchain data extraction processes. Currently, MakerDojo's solution supports blockchain protocols like Celo, Ethereum, Polygon, and NEAR.
Source: https://www.entrepreneur.com/en-in/news-and-trends/makerdojoio-raises-15-million-in-pre-seed-funding/437000