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Blockchain SaaS startup MakerDojo.io has raised $1.5 million in a pre-seed round led by Leo Capital. U.S.-based investors UP2398 and Jan M. Leeman also participated in the round. Funds raised will be used for talent acquisition and product innovation, aiming to expand offerings across all major blockchain protocols.
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“As web3 matures, we believe data-driven development is critical to realizing its full potential. We have seen in our early customers the challenges of accessing blockchain data and the effort required to gain insights. Through MakerDojo’s platform, We aim to make accessing web3 analytics simpler and faster, while lowering the barriers to entry,” said MakerDojo co-founder Priyank Chodisetti.
To accelerate global web3 adoption, the startup is eliminating the heavy lifting and errors associated with manual blockchain data extraction. Currently, MakerDojo’s solution supports blockchain protocols such as Celo, Ethereum, Polygon and NEAR, the company said in a statement.
“Blockchains are a treasure trove of data, and transactions represent everything from NFTs to complex DeFi transactions. However, working with this data is complex and expensive. MakerDojo enables insights by providing an AI-powered data platform for Web3. We are Delighted to be a partner with them on this journey,” said Ravi Srivastava, Partner at Leo Capital.
Founded in 2021 by Priyank Chodisetti, Vignesh Aigal, and Ajay Chintala, MakerDojo.io is a B2B software-as-a-service (SaaS) company that automates the data extraction process of blockchain networks through its AI-powered analytics platform.
