Quick take:
- Presail has announced a €3.8 million funding round led by SNÖ Ventures.
- The company said the funds will be used to build its community-driven web3 funding platform.
- The seed round also attracted participation from Kraken Ventures, Skyfall Ventures and Weekend Fund.
Norwegian web3 startup Presail has secured €3.8 million in a seed fund round led by SNÖ Ventures. The fundraising also attracted participation from Kraken Ventures, Skyfall Ventures and Weekend Fund. Presail said it plans to use the funds to accelerate the development of its community-driven web3 funding platform.
The company was founded in 2021 in Oslo with a mission to accelerate the adoption of web3 with its management platform for web3 presale deals.
The startup also boasts backing from some of the leading web3 angel investors including Avlok Kohli, CEO of AngelList Venture, Jessica Day, Director of Product at AngelList Venture, and Aleksander Leonard Larsen, COO of Sky Mavis / Axie Infinity.
Web3 is generally described as a next-generation version of the internet that leverages emerging technologies like AI, AR/VR, blockchain and decentralised apps to facilitate immersive interactions in the metaverse.
According to the funding announcement, Presail was created to solve the problem of tracking pre-sale deals on web3. The company’s founders experienced difficulty organising their 200 pre-sale deals through manual spreadsheets.
Commenting on his company’s role in leading the seed round, Max Samuel, Partner at SNÖ Ventures, said: “Presail is accelerating the safe and compliant expansion of the web3 investment landscape by providing a burgeoning community with critical, user-friendly tooling and infrastructure. Presail removes the operational friction, labour, and risk prevalent in today’s manual web3 investment processes, attracting new market participants into the space, and allowing investors to focus on their core mission of identifying and supporting great projects.”
The company said it has already onboarded a range of customers spanning from investment communities all the way to nation-states.
The company will also use the funds raised to expand its team, enabling it to develop and release new products quickly.
Sebastian Almnes, Presail’s CEO & Co-founder, commented: “It’s rewarding to see the enthusiasm around what we’re building. We’re ten months in, and I’m grateful for having some of the strongest funds and angels in our corner. Now we’re ready to double down and keep showing that we can create innovative solutions that solve complex problems.”
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