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Euclid raised $600,000 in a pre-seed funding round led by tech investment firm Kahuna Network and angel investor Tomoaki Sato to develop a decentralized unified cross-chain liquidity infrastructure.

May 09, 2024over 1 year ago

Amount Raised

$600,000

Round Type

seed

DubaiBlockchain

Investors

Nibiru ChainAndromedaLavender FiveTomoaki SatoKahuna Network

Description

Euclid, a Nibiru-powered Web3 start-up, emerged from stealth after raising $600,000 in a pre-seed funding round. The funds will be used for the development of the architecture and project as well as business development, audits, and marketing.

Company Information

Company

Euclid

Location

Dubai, Dubai, United Arab Emirates

About

Euclid Protocol is a unified, accessible, and modular liquidity layer infrastructure that allows any decentralized application to tap into a secure and efficient single source of liquidity across different consensus layers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech