Web3 startup DaoLens raises $5-M led by Nexus Venture

DaoLens, a Bengaluru-based business-to-business (B2B) decentralised autonomous organisation (DAO) service provider, has raised USD 5 million (about INR 39 crore) led by Nexus Venture Partners. Other participants in the funding round include Better Ventures, iSeed II, Coinbase's Gokul Rajaram, Sandeep Nailwal, Raj Gokal, Simon Doherty, Tribe Capital's Arjun Sethi, Balaji Srinivasan, Titan Capital (Kunal Bahl & Rohit Bansal), Kunal Shah, Manish Agarwal, Softbank's Vishal Gupta & Narendra Rathi. The startup is building tools for Web3 adoption - from helping individuals find relevant DAOs, to DAOs managing operations (effectively onboarding and managing contributors), or Web2 companies taking operations to Web3. The fresh funds will be used by the company for product development, talent acquisition and to facilitate the subsequent launch of its stack of tools.