DoraHacks Raises Funding Round

DoraHacksA Web3 hackathon organizer based in San Francisco, CA, and multi-chain Web3 developer group with more than 300,000 multichain developers and experts, Organizer – raised an undisclosed amount.

Emurgo Ventures was backed by Binance Labs (FTX Ventures), Circle Ventures (Circle Ventures), Gemini Frontier Fund, Crypto.com Capital and Sky9 Capital.

The funding will support DoraHacks to host global hackathons exclusively for Cardano’s ecosystem and identify co-investment opportunities into high potential Web3 dApps displaying synergy with Cardano’s blockchain via DoraFactory, DoraHacks’ DAO-as-a-Service infrastructure which allows open-source projects to create decentralized autonomous organizations for their communities to govern and finance the projects.

DoraHacks’ ecosystem aims to create the largest decentralized open-source Web3 developer community through its platform which hosts hackathons and decentralized funding mechanisms for its developer community as well as other known blockchain developer communities. It has already funded over 2,000 startups and $25 million in grants and is also currently providing funding technology and decentralized governance infrastructure to 40+ Web3 ecosystems and their respective developer communities.

FinSMEs

29/08/2022

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