# XDao

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

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.xdao.app
- Total disclosed funding: $2.3M
- Latest round: Seed (Nov 25, 2022)
- Investors on record: 4

## About

Based in Singapore, and founded in 2021, XGroup Global Pte. Ltd., d.b.a. XDao, operates a multichain decentralized autonomous organizations (DAO) builder for trust management, venture investments, hedge funds, project money management, charity, gaming guilds, and NFT funds. In November 2022, XDao raised USD 50 million in seed funding from DWF Labs, Grizzly Capital, PANONY, and the Telos Foundation. The seed funding values XDao at USD 50 million post-money.

The company provides DAO, a multi-signature wallet designed using modules, enabling full-cycle IDO, a launchpad, and an accelerator platform for organizations engaged in investment promotion, crowdfunding, and public and private sales. The XDAO can be used by venture capital funds, asset management companies, public funds and foundations, startups, DeFi projects, freelance groups, NFT owners, and GameFi guilds.

The company plans to use its proceeds from November 2022 funding to develop its product and expand its team.

## Funding rounds

- Seed, Nov 25, 2022, $2.3M — Grizzly Capital, PANONY, DWF Labs, Telos Foundation

## Investors

- Grizzly Capital — Seed
- PANONY — Seed
- DWF Labs (https://capitalatlas.ai/funds/dwf-labs) — Seed
- Telos Foundation — Seed