Oslo, Norway-based Presail, a management platform for community-driven web3 funding, announced that it has raised $3.8M in an oversubscribed Seed round of funding.
This funding round will allow the company to expand its staff and accelerate the introduction of new product lines.
Presail allows anyone to come together and raise capital towards a common goal: investing in early-stage web 3.0 projects in return for tokens or pooling funds to bid on a digital asset up for auction.
Founded in 2021 by Sebastian Almnes, Tomas Veiden, Hamza Nebolsi, and Milad Mirshahi, Presail is a management platform for community-driven funding in web3, giving customers a single source and ability to collaborate, manage cap tables, automate vesting schedules, and implement KYC / AML.
The Presail journey started as the founding team struggled to keep track of their own presale deals.
The founders had firsthand knowledge of the challenges associated with manually managing these investments using spreadsheets because they had taken part in more than 200 deals as members of several investing groups.
Their answer was Presail, which offers automation and security to address the challenges of effectively and safely handling an excessive number of deals and fresh information.
The platform has helped its clients, which include huge investment communities and country governments, raise close to $100M from thousands of investors globally in just four months.
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