Denpasar, Bali / Indonesia, December 9, 2024, Chainwire
Mandala Chain, an L1 focused on connecting governments, businesses, and retail in emerging markets, announced the successful completion of a pre-seed funding round, raising $1 million.
The round was led by Harbor Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic ecosystem partners. This milestone marks a pivotal moment in Mandala Chain's journey to bring the next 100 million users to Web3 by focusing on innovative blockchain infrastructure and addressing real-world challenges in emerging markets. Indicates a step.
said Mathew Paul, CEO of Mandala Chain Foundation. “We are deeply grateful for the confidence our investors have shown in our vision to make blockchain technology accessible and impactful for emerging markets.” We advance our efforts to provide scalable, real-world solutions that strengthen and bridge the gap between on-chain and established blockchain markets,” said Harbour Industrial Capital CEO. Max Revol added. “As the Polkadot Ecosystem Fund, we love investing” in projects that understand how to leverage Polkadot’s next-generation technology stack to enable mass adoption of Web3. We are therefore excited to support Mandala Chain in building a service that solves real problems in one of the world's most dynamic regions. “This funding will enable Mandala Chain to expand its business, build strategic partnerships, and expand its presence in emerging markets.” The company aims to drive meaningful adoption of blockchain technology, starting with a major initiative in Indonesia.
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X: @MandalaChain
Email: info@MandalaChain.io
About
Mandala Chain is a blockchain that seamlessly integrates government and enterprise applications with public and retail applications. This is a network built to bridge the gap between the emerging blockchain market and the global blockchain market. The first use case is Indonesia, where strategic resources and partnerships provide advantages that can be leveraged to expand into broader markets.
Contact CEOMathew PaulMandala Chain Foundationinfo@mandalachain.io
This article was originally published on Chainwire
