Mandala Chain, an L1 blockchain platform, secures $1 million in pre-seed funding from investors

From Investing.com

December 9, 2024 10:00 AM:

Mandala Chain, an L1 blockchain platform, closes pre-seed funding round, raising $1 million. Harbour Industrial Capital led the round, with participation from O-DE Capital and NLS Ventures. CEO Mathew Paul expresses gratitude for investors’ confidence in their mission to make blockchain accessible in emerging markets. The funding will drive efforts to deliver scalable solutions and bridge expanding and established blockchain markets. Max Rebol from Harbour Industrial Capital highlights the importance of leveraging Polkadot technology for mass adoption of Web3. This funding will enable Mandala Chain to expand operations, build partnerships, and drive meaningful adoption of blockchain technology in Indonesia. Mandala Chain focuses on practical real-world use cases to drive adoption of blockchain technology. Their first use case is in Indonesia, leveraging strategic resources and partnerships for expansion into broader markets. Contact CEO Mathew Paul for media inquiries.

Read more at Investing.com: Mandala Chain (Powered by Polkadot) Secures $1 Million in Pre-Seed Funding By Chainwire