According to industry sources, Alloca raised $950,000 in a Seed funding round on July 4, 2024. The round was backed by CMS Holdings, CSP DAO, Exnetwork Capital, Cogitent Ventures, Zephyrus Capital, FOMO Ventures, Sneaky Ventures, Legion Ventures, and vVv Ventures. With this financing, Alloca’s total capital raised now stands at $950,000.Alloca is a socially-driven fundraising infrastructure platform. Previously known as Monad Pad, it serves as a token and NFT launchpad built on the Monad blockchain. Per the project roadmap, Alloca will complete its rebranding from Monad Pad to Alloca in April 2025. As an emerging fundraising platform, Alloca aims to provide project teams with more convenient and efficient funding channels while offering investors high-quality investment opportunities. With the continued expansion of the crypto market, demand for decentralized fundraising platforms is rising, and Alloca’s innovative approach is positioned to play a significant role in future market competition.