Money raised will go towards furthering the project's expansion while completing the development of its DAO.
The round was led by M13 Ventures, Republic Labs, Gumi Crypto and an early Uber investor Shervin Pishevar.
Multicoin Capital and Intel Capital have led a $3.5 million seed round for blockchain API startup dfuse.
A blockchain startup has raised $8 million in a seed funding round with a mission to develop a protocol to serve the unbanked.
Blockchain startup Stably has garnered $500,000 in seed funding to launch its stablecoin.