December 9, 2024
Mandala Chain, a blockchain infrastructure project focused on emerging markets, has secured $1 million in pre-seed funding. The round was led by Harbour Industrial Capital, with support from O-DE Capital, NLS Ventures, and contributors from the Polkadot ecosystem. The funding positions the platform to advance its efforts in integrating blockchain solutions into government, enterprise, and retail sectors.
The platform operates as an L1 blockchain within the Polkadot ecosystem, aiming to address key challenges in underserved markets. Mandala Chain plans to use the capital to scale its operations, build strategic alliances, and expand its presence, starting with projects in Indonesia. By prioritizing real-world use cases, the company seeks to promote broader adoption of Web3 technologies and bridge existing market gaps.
This milestone aligns with the project’s objective to onboard 100 million users into Web3 by addressing practical needs through blockchain technology. The pre-seed investment also highlights growing interest in blockchain initiatives that focus on emerging economies and underserved communities.
About Mandala Chain
Mandala Chain is an L1 blockchain powered by Polkadot, designed to provide blockchain solutions for governments, enterprises, and retail users in emerging markets. With a mission to drive blockchain adoption through practical applications, the platform delivers tools to enhance operational efficiency and financial inclusivity.
Website: https://www.mandalachain.io/ X: @MandalaChain
About Investor
Harbour Industrial Capital
Harbour Industrial Capital is a venture capital firm specializing in early-stage investments within the Polkadot ecosystem. The firm supports projects that aim to leverage Polkadot’s infrastructure to create scalable and impactful blockchain solutions.
Location: Cayman , KY
Website: https://www.harbourindustrial.com/
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