UAE AI and Web3 Platform idea-L Secures $1 Million Pre-Seed Funding
The UAE-based artificial intelligence and Web3 platform, idea-L, has successfully closed a $1 million pre-seed funding round from a group of angel investors. The company aims to create an ecosystem that transforms creative ideas into investment-ready projects with the help of an AI-powered co-founder.
Building an AI-Powered Co-Founder
The core mission of idea-L is to provide entrepreneurs with a supportive, data-driven, and always-on partner from the very beginning of their journey. The platform is being developed to act as an AI co-founder, helping to structure creative concepts, validate business models, and prepare new ventures for the crucial step of seeking investment.
A Web3-Focused Ecosystem for Venture Building
This funding round is notable for its clear focus on building a decentralized ecosystem. The new capital will be used to:
Launch the company's core AI-powered co-founder platform.
Accelerate hiring to grow the development and operational teams.
Pave the way for the launch of a company governance token (GovToken).
Establish a deVC Fund (decentralized Venture Capital) that will be managed by a DAO (Decentralized Autonomous Organization).
Expand the i-Luminary network, a community of mentors and experts who support the platform's entrepreneurs.
About idea-L
Founded by Faris Al-Obaid, idea-L is a UAE-based technology company operating at the intersection of artificial intelligence and Web3. Its mission is to democratize the process of venture creation by providing founders with AI-driven tools and a decentralized support ecosystem.
The Convergence of AI and Web3 in the UAE
The launch and funding of idea-L highlight a significant trend within the UAE's technology landscape. The platform merges the country's strong strategic push into Artificial Intelligence with its parallel ambition to become a global hub for the Web3 and digital asset economy. Companies like idea-L are building the infrastructure for the next generation of digitally native businesses.
Looking Ahead
With its pre-seed funding secured, idea-L is set to accelerate the development of its unique platform. The company's ambitious roadmap, which includes launching a DAO-managed venture fund and a governance token, positions it as a pioneering player in the future of decentralized venture building, right from its base in the UAE.
Source: Jawlah