# Avocado Dao

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avocado-dao

- Industry: Internet
- Headquarters: British Virgin Islands
- Website: www.avocadodao.io
- Total disclosed funding: $18M
- Latest round: Series A (Jan 24, 2022)
- Investors on record: 5

## About

Avocado Dao is a pioneering company in the Web3 gaming sector, focusing on creating an interactive platform that enhances the experiences of gamers and content creators through its innovative gaming guild model.Founded in 2021 and headquartered in the British Virgin Islands, Avocado Dao specializes in Web3 gaming, providing a platform for gamers and content creators. The company successfully raised USD 18.00 mn in Series A funding in January 2022 from investors including Animoca Brands, Hashed Ventures, Polygon Studios, Solana Ventures, and Soteria. The founder, Brendan Wong, has prior experience in the technology sector, although specific previous ventures are not detailed.Avocado Dao operates at the forefront of the Web3 gaming industry, focusing on providing a robust platform that serves both gamers and content creators through its gaming guild model. The company offers a variety of services, including quests that allow users to earn Web3 rewards, digital asset management, and staking options for their native token, AVG. These services enhance user engagement within the gaming ecosystem, targeting audiences involved in blockchain-based games globally, with a strong presence in Southeast Asia, North America, and Europe. The platform emphasizes community-driven discussions and content creation, fostering a vibrant online community of users dedicated to Web3 gaming.Avocado Dao generates revenue through a multifaceted structure that includes staking mechanisms, in-game transactions, and partnerships with gaming developers and platforms. Users can participate in quests for rewards, while clients may engage in subscriptions for exclusive content or features. The firm capitalizes on transactions associated with its native token, AVG, which is utilized within the ecosystem for various services and rewards. This transactional framework facilitates direct engagement with end-users and strengthens relationships with content creators and gaming partners, enhancing customer loyalty and engagement within the gaming community.Avocado Dao is strategically positioned for future growth, focusing on the release of new products and services designed to enhance user experiences. The company aims to expand its presence in key markets, including Europe and North America, by mid-2023. The recent Series A funding of USD 18.00 mn will be utilized to support these initiatives, including product development and market entry strategies.

## Funding rounds

- Series A, Jan 24, 2022, $18M — Soteria, Hashed Ventures, Polygon Studios, Solana Ventures, Animoca Brands

## Investors

- Soteria — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Series A
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A