Mandala Chain (powered by Polkadot) secures $1 million in pre-seed funding

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Denpasar, Bali / Indonesia, December 9, 2024, Chainwire

Mandala Chain, an L1 dedicated to connecting governments, enterprises, and retail in emerging markets, announced that it has successfully closed its pre-seed funding round, raising $1 million.

The round was led by Harbor Industrial Capital, with additional participation from O-DE Capital, NLS Ventures, and strategic Polkadot ecosystem partners. This milestone is a pivotal step in Mandala Chain’s journey to onboard the next 100 million users to Web3, with a focus on innovative blockchain infrastructure and solving real-world challenges in emerging markets.

“We are deeply grateful for the trust our investors have shown in our vision to make blockchain technology accessible and impactful in emerging markets,” said Mathew Paul, CEO of Mandala Chain Foundation. “This funding will accelerate our efforts to deliver scalable, practical solutions that bridge the gap and strengthen capabilities between the expanding and established blockchain markets.”

Max Rebol, CEO of Harbor Industrial Capital, added: “As the Polkadot Ecosystem Fund, we love investing in projects that understand how to leverage Polkadot’s next-generation technology stack to enable mass adoption of Web3. We are therefore excited to support Mandala Chain in building services that solve real-world problems in one of the world’s most dynamic regions.”

This funding will allow Mandala Chain to expand its operations, build strategic partnerships, and expand its presence in emerging markets. Mandala Chain aims to drive meaningful adoption of blockchain technology, starting with a key initiative in Indonesia, with a focus on deploying practical, real-world use cases.

For media inquiries, please contact:

X: @MandalaChain

Email: info@MandalaChain.io

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Mandala Chain is a blockchain that seamlessly integrates government and enterprise applications with public and retail applications. It is a network built to bridge the gap between the emerging blockchain market and the global blockchain market. The first use case is in Indonesia, giving us the benefit of strategic resources and partnerships to expand into broader markets.