Oslo, Norway-based Presail, a management platform for community-driven web3 funding, announced that it has raised $3.8M (approximately €3.8M) in an oversubscribed Seed round of funding. This funding round will allow the company to expand its staff and accelerate the introduction of new product lines.
Presail allows anyone to come together and raise capital towards a common goal: investing in early-stage web 3.0 projects in return for tokens or pooling funds to bid on a digital asset up for auction.
Sebastian Almnes, Presail’s CEO and co-founder, says, “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.”
Investors supporting Presail
The round was led by SNÖ Ventures. The firm aims to enhance the Nordic ecosystem by facilitating the sharing of resources, talent, ideas, and experience throughout the Nordic region, and by leveraging its networks to support Nordic companies in their global expansion.