UAE – Mubasher: Dubai-based AI-powered platform for idea realization platform (IRP) idea-L, has closed an oversubscribed $1 million pre-seed round, according to a press release.
Led by a wide syndicate of investment angels, the transaction encompasses capital injection in the Holding Company and for the idea-L overall project.
The funds will accelerate technical hiring, support the launch of the firm’s governance token, GovToken, alongside a world-leading DAO-managed deVC Fund™, and expand the i-Luminary™ mentor network.
Peter Goodwin, CEO and Founder of idea-L, commented: “We want every would-be founder to carry a supportive, tireless, data-driven co-founder in their pocket. We want to create an experience that costs minutes, not months.”
Goodwin added: “By automating the riskiest slice of the journey, we unlock thousands of experiments that would otherwise die in someone’s notebook.”
Daniel Muller, COO and Co-Founder of idea-L, said: “Our aim is to expand applied business theory across product categories, industries, and geographies. Ultimately, we envision large language models making up no more than 20% of our total AI architecture.”
A fair-launch sale of GovTokens is set for the third quarter (Q3) of 2025. Once it commences operating, token holders will exercise quadratic voting over roadmap features, funding allocations, and ecosystem partnerships.
