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Multichain DAO Builder XDao Closes Token Round at $50 Million Valuation

XDao, a startup that helps DAOs expand across different blockchain networks, has raised $2.3 million in a seed round at a $50 million valuation. 

Investors in the round include Panony, DWF Labs, Telos Foundation and Grizzly Capital, CEO Vlad Shavlidze said in an emailed statement. The funds were raised through a token sale, which closed on Nov. 21. The investment terms include a 12-month cliff and a 36-month linear vesting period, with the tokenomics tailored to the crypto bear market, Shavlidze said. 

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