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# China-based hackathon organizer DoraHacks raises $20 million
- URL: https://www.techloy.com/china-based-hackathon-organizer-dorahacks-raises-20-million/
- Published: 2022-05-18T16:42:34.000Z
- Updated: 2022-12-08T00:43:55.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Tech in China

[DoraHacks,](https://dorahacks.io/) a China-headquartered Hackathon organizer has raised $20 million in its new funding round from FTX Ventures and Liberty Ventures among others. 

- The funds will be used to launch Dora Grant DAO, a decentralized grant community, and Dora Infinite Fund, a venture fund focused on non-fungible tokens (NFTs).
- DoraHacks has organized hackathons for more than 200 Web3 startups and developer teams like Solana, Polygon, and Avalanche ecosystems among others.
- It last raised $8 million in November 2021 in a round led by Binance Labs.
- Other participants in the new round include Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital and Amber Group.