Presail, an Oslo, Norway-based management platform for community-driven funding, announced that it raised $3.8 million in oversubscribed seed funding.
The round was led by SNÖ Ventures and backed by Kraken Ventures, the venture arm of one of the largest crypto exchanges worldwide, Skyfall Ventures, and Weekend Fund, led by Ryan Hoover, founder of Product Hunt.
The funding will enable the company to roll out its new product offerings faster.
Sebastian Almnes, Presail’s CEO and co-founder, said: “We’re ten months in, and I’m grateful for having some of the strongest funds and angel investors in our corner. Now we’re ready to double down and keep showing that we can create innovative solutions that solve complex problems.”
Company: Datablock AS
Round: Seed Round
Funding Month: September 2022
Lead Investors: SNÖ Ventures
Additional Investors: Kraken Ventures, Skyfall Ventures, and Weekend Fund
Company Website: https://presail.com/
Software Category: Management Platform
About the Company: Founded in 2021, Presail, a management platform for community-driven funding in web3, gives customers a single source of truth, and the ability to collaborate easily, manage cap tables, automate vesting schedules, and implement KYC and AML. The platform allows anyone to come together and raise capital towards a common goal of investing in an early-stage web 3.0 project in return for tokens or pooling funds to bid on a digital asset up for auction. Presail makes it easy for companies and investors to manage investments in Web 3.0.