Dora Factory, a leading decentralized governance infrastructure, has recently concluded a strategic raise of $10 million. Notable institutional investors such as Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, along with nine others, participated in the round.

This funding will expedite the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding technology stack. Dora Factory's focus lies in providing infrastructure for decentralized governance and public goods technology. Their core products include the Public Good Staking infrastructure, Dora Vota Cosmos SDK appchain hosting dGov protocols, anonymous and general MACI zk voting infrastructure, and the multi-chain Quadratic Governance protocol stack.

In recent developments, the Cosmos Hub community approved governance proposal No.917 and allocated a $1 million grant to AEZ Quadratic Grant via Dora Factory’s Voting appchain, Dora Vota. This initiative aims to conduct ten rounds of Quadratic Funding in the next 24 months to support public good builders and start-ups in the Cosmos Hub and related ecosystems.

Previously, Dora Factory raised $17.5 million in 2021, with investors including Binance Labs, HashKey, and The LAO. Eric Zhang, Architect of Dora Factory, emphasized the significance of building leading public goods funding and governance infrastructure in advancing the global hacker movement and driving frontier tech innovation.

Since its inception in 2020, Dora Factory has focused on researching and developing decentralized governance infrastructure and applications. Their infrastructure has facilitated over 2,000 startups to secure $20 million in grants on-chain.

Erick Zhang, Partner of Nomad Capital, highlighted the importance of governance technology in the current era, praising Dora Factory's contribution as the cornerstone public goods infrastructure in the industry. Gin Chao, Founding Partner of No Limit Holdings, recognized Dora Factory's leadership in Web3 governance and public good funding.

With support from new investors, Dora Factory aims to expand its ecosystem further, focusing on innovations in multi-chain quadratic funding, encouraging developers to utilize anonymous MACI, and developing new governance apps on Dora Vota. Their goal is to deliver products that offer an exceptional experience for on-chain communities and teams working on frontier technologies.