Leo Capital leads $1.5 Mn round in blockchain SaaS startup MakerDojo

Web3 data analytics platform MakerDojo.io has raised $1.5 million in a pre-seed funding round led by Leo Capital with participation of UP2398 and Jan M. Leeman. This is Leo Capital’s first investment from its $125 million fund III, which had its first close in September.

The fresh capital will be deployed towards talent acquisition, product innovation and expanding offerings for all major blockchain protocols, the company said in a press release.

Founded in 2021 by Priyank Chodisetti, Vignesh Aigal and Ajay Chintala, MakerDojo provides an artificial intelligence backed Web3 data analytics platform that enables enterprises and developers to seamlessly draw insights and run queries for their DApps. The platform intends to simplify the complex, error-prone, and capex-heavy blockchain data extraction process for developers. It aims to accelerate the global Web3 adoption and weed out errors associated with mutual blockchain data extraction.

India and the US-based firm claims to support blockchain protocols like Celo, Ethereum, polygon, & NEAR and works closely with the Celo foundation which also counts several marquee players among early customers.