# TeleportDAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teleportdao

- Industry: IT Infrastructure
- Headquarters: Vancouver, Canada
- Website: www.teleportdao.xyz
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 16, 2023)
- Investors on record: 7

## About

Based in Vancouver, Canada, and founded in 2022 by CEO Niusha Moshrefi and CTO Mahyar Daneshpajooh, TeleportDAO provides an infrastructure for developers that connects blockchains and builds cross-chain applications. In March 2023, TeleportDAO raised USD 2.5 million in seed funding co-led by DefinanceX and AppWorks, with participation from Candaq Fintech Group, CoinList, Gate Labs, Inc., Quantstamp, Inc., and SNZ Holding. 

TeleportDAO provides an infrastructure for developers to build cross-chain applications. The company offers a light-client bridge which is the most secure interoperability solution as it does not rely on third parties. In addition, the firm’s technology integrates with the client's dApp with different blockchain ecosystems and supports cross-chain applications that reside on multiple blockchains.

## Funding rounds

- Seed, Mar 16, 2023, $2.5M — AppWorks, Gate Labs, Inc., SNZ Capital, Quantstamp, Inc., Candaq Fintech Group, DefinanceX, CoinList

## Investors

- AppWorks (https://capitalatlas.ai/funds/appworks) — Seed
- Gate Labs, Inc. — Seed
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Seed
- Quantstamp, Inc. — Seed
- Candaq Fintech Group — Seed
- DefinanceX — Seed
- CoinList — Seed