Dora secures $5. 5m in early stage funding round co-led by dragonfly and lemniscap

Dora Secures $5.5M in Early Stage Funding Round Co-Led by Dragonfly and Lemniscap

Last Updated: July 10, 2024By

Dora, the pioneering search and action engine for the multichain realm, jubilantly announces the culmination of a $5.5 million early stage funding round. This financial infusion was spearheaded by Dragonfly Capital and Lemniscap, with contributory backing from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital. Esteemed angel investors such as Rushi Manche, Co-Founder of Movement Labs, and Dino Savonin, Co-Founder of Fluent, also participated. The capital will be deployed to augment Dora’s cutting-edge search capabilities, unified crosschain transaction functionalities, and to fortify collaborations with blockchain networks across diverse virtual machines.

Dora stands as the singular multichain search engine enabling search functionalities and crosschain transactions through an integrated interface. As applications increasingly amalgamate online and onchain infrastructures, the capability to unlock search functionalities becomes imperative for comprehensibility and accessibility. Dora’s all-encompassing block explorer and search solutions empower both users and developers by providing seamless access to onchain data, thereby propelling broader blockchain technology adoption.

Presently, Dora supports over 20 chains, including Ethereum, Arbitrum, Base, Celo, Scroll, Rari, Palm, and Xai.

The Dora platform proffers a multichain Block Explorer for scrutinizing blockchain data across EVM chains, APIs for enriched token and NFT information access, and efficiently organized data structures for facile data retrieval, powered by Goldsky and Simplehash. It also includes transactional functionalities such as swaps and mints, alongside an embedded wallet. These offerings form a holistic solution for chains aiming to boost developer adoption and catalyze ecosystem usage.

This funding round follows substantial support for Dora from prominent industry partners, including the largest Arbitrum subDAO grant ever awarded, along with grants from Gnosis, Scroll, and the Ocelot treasury for Celo.

“The golden era of web2 was ushered in alongside its search engines. To ignite the widespread adoption of onchain goods and services, a crypto search engine is indispensable,” remarked Bunny, CEO and Co-Founder of Dora. “This funding round signifies our investors’ robust confidence in our vision: an unfragmented and unified multichain experience. By integrating interactivity at the Discoverability Layer, we aspire to drive mass adoption of blockchain technology and facilitate the evolution towards a multichain, and soon multiVM, world.”

Tom Schmidt, Partner at Dragonfly, stated: “Dora’s mission to render on-chain data accessible and interactive aligns seamlessly with our vision for blockchain technology’s future. By providing comprehensive search and explorer tools, Dora is unlocking new potentials in the blockchain domain. We are confident that their innovative approach will significantly contribute to the widespread adoption of decentralized technologies.”

Tarun Chitra, Partner at Robot Ventures, added: “Dora is at the vanguard of making blockchain data comprehensible and accessible to a broader audience. Their integration of multiple chains into a cohesive search experience is revolutionary. We believe their technology will play a pivotal role in the broader adoption of blockchain and decentralized applications. In a future replete with as many blockchains as GPUs, Dora will be instrumental in managing complexity for end users.”

Roderik van der Graaf, Founder of Lemniscap, noted: “We’re elated to co-lead this investment round for Dora, as part of our enduring commitment to fostering groundbreaking technologies in the blockchain ecosystem. Dora’s distinctive approach to search and interactivity within the multichain world positions them as a key player in driving mass adoption, and we’re thrilled to be part of their journey.”

About Dora

Dora is the Unified Search Engine for the Multichain World. We collaborate with an array of blockchain networks and rollup teams to provide comprehensive block explorer and search solutions. Our mission is to enhance the accessibility of onchain data through innovative search capabilities, driving understandability and widespread adoption of blockchain technology.

About Lemniscap

Lemniscap is an investment firm specializing in investments in emerging crypto assets and blockchain startups. Since its inception in 2017, Lemniscap has funded multiple investments in the crypto blockchain space, grounded in the core belief that blockchain technology will disrupt traditional business models, precipitating profound changes in the global economy. The Lemniscap team is composed of talented individuals with backgrounds in financial markets, PE/VC, technology, and entrepreneurship.

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About the Author: Eunji Lim

Eunji lim

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