New Order raises $4M to launch venture DAO incubator

The purpose of New Order’s venture DAO incubator is to launch projects centering on the concept of DeFi becoming increasingly multi-chain, machine intelligent, and incorporating newer and newer digital assets. The DAO incubator will launch in early December and several incubated projects will be announced in the next months, Invezz learned from a press release.

An impressive roster of investors

Among the angel and venture investors to join the private fundraising round were Outlier Ventures, LedgerPrime, Digital Finance Group, Near Foundation, Mapleblock Capital, FalconX, Youbi Capital, Perpetual Protocol founder Yenwen Feng, and others.

Incubator to launch tens of projects every year

The incubator has prepared three projects in cooperation with well-known partners. They are awaiting launch in the next two months. The DAO intends to launch an average of 25 projects per year.

Eden Dhaliwal, cofounder of New Order, stated:

Yenwen Feng commented:

Shiliang Tang, Chief Investment Officer of LedgerPrime, said:

James Wo, CEO of Digital Finance Group, added: 

New Order’s designated venture platform will serve DeFi protocols and L1 networks for projects that require cross-chain and cross-community development. The existence of a dApp marketplace is an innovative aspect of New Order’s DAO.

It enables users to discover the latest assets to generate revenue in stablecoins, Bitcoin (BTC/USD), and Ethereum (ETH/USD) and to develop a low-risk, diversified treasury for the DAO.