Haun Ventures leads $5 million seed round in cross-chain governance platform Agora

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Quick Take

The cross-chain governance platform Agora raised $5 million in seed funding.
Haun Ventures led the round, which had additional support from Seed Club, Coinbase Ventures, Sina Habibian, Balaji Srinivasan and others.

Cross-chain governance platform Agora raised $5 million in seed funding.

Haun Ventures led the round, which had additional contributions from Seed Club, Coinbase Ventures, Sina Habibian, Balaji Srinivasan, Credibly Neutral, Packy McCormick, Tim Beiko, Dan Romero, Eva Beylin, Will Price, Liam Horne and Hasu, among others.

Agora provides an end-to-end governance protocol for decentralized communities, including tools such as gas voting and proposing, security councils, proposal sponsorship, API, snapshot integration, transaction simulation and discourse implementation. According to the firm's website, Optimism, Nouns, ENS and Uniswap use the platform.

"In short, we’re reversing the story on the effectiveness of collectively-governed protocols by building a new standard of governance tooling — from governor contracts to voting application, and much beyond," Agora said in a statement shared with The Block.

Agora was founded in 2022 by Yitong Zhang, who previously helped design the app for crypto exchange Coinbase, and Charlie Feng and Kent Fenwick.

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.