Haun Ventures leads $5 million seed round in cross-chain governance platform Agora

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The Block2024/05/01 14:49

By:The Block

Quick Take The cross-chain governance platform Agora raised $5 million in seed funding. Haun Ventures led the round, which had additional support from Seed Club, Coinbase Ventures, Sina Habibian, Balaji Srinivasan and others.

Haun Ventures leads $5 million seed round in cross-chain governance platform Agora image 0

Cross-chain governance platform Agora raised $5 million in seed funding.

Haun Ventures led the round, which had additional contributions from Seed Club, Coinbase Ventures , Sina Habibian, Balaji Srinivasan, Credibly Neutral, Packy McCormick, Tim Beiko, Dan Romero, Eva Beylin, Will Price, Liam Horne and Hasu, among others.

Agora provides an end-to-end governance protocol for decentralized communities, including tools such as gas voting and proposing, security councils, proposal sponsorship, API, snapshot integration, transaction simulation and discourse implementation. According to the firm's website, Optimism, Nouns, ENS and Uniswap use the platform.

"In short, we’re reversing the story on the effectiveness of collectively-governed protocols by building a new standard of governance tooling — from governor contracts to voting application, and much beyond," Agora said in a statement shared with The Block.

Agora was founded in 2022 by Yitong Zhang, who previously helped design the app for crypto exchange Coinbase , and Charlie Feng and Kent Fenwick.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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