Web3 startup DAOLens raised $5 million led by Nexus Venture Partners, Better Ventures and iSeed II. Others include Coinbase‘s Gokul Rajaram, Polygon co-founder Sandeep Nailwal, Solana co-founder Raj Gokal, Animoca Brands VP Simon Doherty, and Tribe Capital’s Arjun Sethi participated in the round.

Also participating in the round are Angel investor Balaji Srinivasan, Snapdeal co-founders Kunal Bahl and Rohit Bansal, CRED founder Kunal Shah, Nazara Technologies CEO Manish Agarwal, SoftBank‘s Vishal Gupta and Narendra Rathi, among others.

DAOLens was founded in January 2022 by Vikram Aditya and Apoorv Nandan and aimed to simplify the operations of Decentralised Autonomous Organisations (DAOs) by helping businesses with onboarding contribution management and discovery. DAOs are an essential part of Web3 and many Web2 businesses, and DAOLens are looking to make these DAOs more effective for them.

The company will use the new funding for product development and talent acquisition to facilitate its subsequent tool stack rollout.

The startup has three live products – a discovery portal, a contributor onboarding solution, and community management tools.