Leading decentralized governance infrastructure, Dora Factory, has announced the completion of a $10 million strategic fundraising. The round was joined by nine additional well-known institutional investors in addition to Nomad Capital, No Limit Holdings, Sky9 Capital, Interop Ventures, Longling Capital of Cai Wensheng, Singapore’s UOB-Signum Blockchain Fund, and nine others.
With this financing, Dora Factory’s decentralized governance and public goods funding tech stack will be adopted and strategically expanded more quickly.
Leading infrastructure company Dora Factory specializes on public goods technology and decentralized governance. The primary offerings of the company comprise the Public Good Staking infrastructure, which facilitates ecosystem funding through block incentives; Dora Vota, an appchain hosted by Cosmos SDK that supports dGov protocols; anonymous and general MACI, the privacy-preserving and collusion-resistant zk voting infrastructure; and the multi-chain Quadratic Governance protocol stack, an on-chain mechanism that democratizes public goods funding.
The governance proposal No. 917 and a $1 million grant to AEZ Quadratic Grant, which will operate 10 rounds of quadratic funding over the course of the next 24 months using Dora Factory’s voting appchain, Dora Vota, were accepted by the Cosmos Hub community last week. The whole investment will be given to startups and public benefit creators in the Cosmos Hub and associated ecosystems to create a thriving ATOM Economic Zone.
Earlier this year, Dora Factory announced the completion of its first strategic round, which was led by Whampoa Digital, co-founded by Amy Lee, a former senior partner at Lee & Lee, a Singapore law firm founded by Lee Kim Yew and Singapore’s first prime minister, Lee Kuan Yew, and his wife, and dao5, a new venture capital firm founded by Tekin Salimi, a former general partner of Polychain. Previous to this, investors Binance Labs, HashKey, and The LAO helped Dora Factory raise a total of $17.5 million in 2021.
About Dora Factory
In order to facilitate decentralized governance and effective finance for open-source communities, Web3 public goods, and the worldwide hacker movement, Dora Factory creates infrastructures and protocols. One of the multi-chain staking infrastructures that is expanding the quickest is Dora Factory’s flagship Public Good Staking, which offers block-native incentives to develop the next generation of blockchains. With support for anonymous MACI, quadratic governance rounds, and a generic MACI interface, Dora Vota is a special-purpose blockchain for decentralized governance.
