Presail

Presail, which operates its product under the Spring brand, is an Oslo, Norway-based company building a management platform for community-driven funding in Web3. The platform gives investment communities, syndicates and token projects a single place to create deals, manage cap tables, automate vesting schedules, distribute assets and implement KYC/AML checks, replacing manual spreadsheet-based administration of presale and early-stage token deals.

The product provides decentralized infrastructure intended to simplify the coordination of legal, token distribution and operational processes for token communities and coordination groups. Features described by the company include branded fundraising pages that carry a group's logo and colors, configurable rules that are automatically enforced during a raise, an integrated DeFi payment system that collects and validates member contributions, automated member notifications for each action taken, and migration tooling to import existing deals and active vesting schedules onto the platform. The company publishes customer case studies covering Web3 communities including Castrum Capital, which consolidated its operations on the platform, and Cryptopia, which deployed a secondary market and streamlined KYC.

Founding story

Presail was founded in 2021. The concept emerged from the founders' own difficulties tracking presale deals: collectively they had taken part in more than 200 deals across several investment communities and organized those investments manually through spreadsheets. They built Presail to automate and secure the handling of large deal volumes and the associated information flow. Sebastian Almnes is CEO and co-founder.

Business model

Presail supplies software infrastructure to Web3 investment communities, syndicates and token projects, which apply for access to the platform ("Apply for Spring Infra") and use it to run raises and administer deals and token distributions.

Traction

Within about four months of launching commercially the company said it had onboarded customers ranging from large investment communities to nation-states, and its investors cited strong growth at the time of the 2022 seed round. Published customer case studies cover the Web3 communities Castrum Capital and Cryptopia.

Latest developments

The company's website now markets the offering as Spring, an all-in-one platform for Web3 syndicates and token communities, with onboarding via an application for "Spring Infra" and migration support for importing existing deals and active vesting schedules.