About Avocado DAO
Avocado DAO is a company based in Sydney (Australia) founded in 2021 by Sir Gregory and Brendan Wong.. Avocado DAO has raised $18 million across 2 funding rounds from investors including Binance, Animoca Brands and QSN. Avocado DAO offers products and services including AvoShop, Quests, and Leaderboard. Avocado DAO operates in a competitive market with competitors including Sorare, The Sandbox, Yield Guild, Immutable and Jambo, among others.
- Headquarter Sydney, Australia
- Founders Sir Gregory, Brendan Wong
-
Sectors
TechnologyMedia & Entertainment Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$18 M (USD)
in 2 rounds
-
Latest Funding Round
$27.2 M (USD), Token Sale
Dec 31, 2021
-
Investors
Binance
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Avocado DAO
Avocado DAO offers a comprehensive portfolio of products and services, including AvoShop, Quests, and Leaderboard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online shop for Web3 gaming items and rewards.
System for completing blockchain-based gaming tasks.
Platform to rank and display gamer achievements.
Funding Insights of Avocado DAO
Avocado DAO has successfully raised a total of $18M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $27.2 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $27.2M
-
First Round
First Round
(24 Nov 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Token Sale - Avocado DAO | Valuation |
investors |
|
| Nov, 2021 | Amount | Series A - Avocado DAO | Valuation | Animoca Brands , QSN |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avocado DAO
Avocado DAO has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Binance, Animoca Brands and QSN. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Solana Ventures is focused on investing in Solana-based companies.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on crypto-assets
|
Founded Year | Domain | Location | |
|
Blockchain-based PC and mobile games are developed and published.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Avocado DAO
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Avocado DAO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avocado Dao Comparisons
Competitors of Avocado DAO
Avocado DAO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sorare, The Sandbox, Yield Guild, Immutable and Jambo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based fantasy sports marketplace is provided for multiple sports.
|
|
| domain | founded_year | HQ Location |
NFT-based virtual metaverse is developed for user-owned experiences.
|
|
| domain | founded_year | HQ Location |
Play-to-earn gaming guilds are facilitated for blockchain-based NFT games.
|
|
| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
|
|
| domain | founded_year | HQ Location |
Web3 mobile infrastructure solutions are developed for a super app.
|
|
| domain | founded_year | HQ Location |
Online community-based gaming platform
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Avocado Dao
Frequently Asked Questions about Avocado DAO
When was Avocado DAO founded?
Avocado DAO was founded in 2021.
Where is Avocado DAO located?
Avocado DAO is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Avocado DAO?
Brendan Wong is the current CEO of Avocado DAO. They have also founded this company.
Is Avocado DAO a funded company?
Avocado DAO is a funded company, having raised a total of $18M across 2 funding rounds to date. The company's 1st funding round was a Series A of $18M, raised on Nov 24, 2021.
What does Avocado DAO do?
Avocado DAO was founded in 2021 in Sydney, Australia, within the blockchain gaming sector. An NFT-based platform is operated for trading digital games, with community building facilitated through play-to-earn mechanics. Buying and selling of digital assets are enabled for users, alongside staking options for participation in the ecosystem. Operations focus on decentralized gaming interactions.
Who are the top competitors of Avocado DAO?
Avocado DAO's top competitors include Sorare, The Sandbox and Yield Guild.
What products or services does Avocado DAO offer?
Avocado DAO offers AvoShop, Quests, and Leaderboard.
Who are Avocado DAO's investors?
Avocado DAO has 7 investors. Key investors include Binance, Animoca Brands, QSN, Solana Ventures, and Polygon Studios.