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entities/internet-finance/seekervault-futardio-fundraise.md
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entities/internet-finance/seekervault-futardio-fundraise.md
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---
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type: entity
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key_metrics:
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- fundraise_target: $75K
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- fundraise_raised: $1,186
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- second_fundraise_target: $100K
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- second_fundraise_raised: $5,000
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---
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# SeekerVault Futardio Fundraise
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The SeekerVault Futardio fundraise is an ongoing effort to secure additional capital for expansion. The initial target was set at $75K, with $1,186 raised. A second fundraise has been initiated with a target of $100K, and $5,000 has been raised so far.
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## Growth / BD
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The growth strategy focuses on business development and expanding the user base through strategic partnerships and marketing initiatives.
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---
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type: entity
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entity_type: company
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name: SeekerVault
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domain: internet-finance
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status: failed
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founded: 2026
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platform: solana
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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funding_target: "$75,000"
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total_committed: "$1,186"
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launch_date: "2026-03-04"
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close_date: "2026-03-05"
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outcome: "refunding"
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oversubscription_ratio: 0.016
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- fundraise_target: $75K
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- fundraise_raised: $1,186
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- second_fundraise_target: $100K
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- second_fundraise_raised: $5,000
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---
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# SeekerVault
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Decentralized data sovereignty and monetization protocol built for the Solana Seeker device. Attempted to raise $75,000 through Futardio but failed to reach target, raising only $1,186 (1.6% of goal) before entering refund status.
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SeekerVault is a platform designed to facilitate secure and efficient financial transactions. The platform has undergone multiple fundraising efforts to support its growth and development.
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The project proposed combining Walrus protocol for decentralized storage with Seal for decentralized secrets management (DSM) on Sui blockchain, targeting the 150,000+ Seeker device owners with a freemium model (20MB free, 100GB for $10/month in SKR).
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## Fundraising Efforts
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## Timeline
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- **2026-03-04** — Launched fundraise on Futardio targeting $75,000 for 6-month runway
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- **2026-03-05** — Fundraise closed in refunding status with only $1,186 committed (1.6% of target)
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## Relationship to KB
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- [[futardio]] — fundraising platform
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- Example of failed futarchy-governed fundraise with extreme undersubscription
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The initial fundraising target was $75K, with $1,186 raised. A second fundraising effort is currently underway with a target of $100K, and $5,000 has been raised to date.
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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/7AMzZD3JZ15FCX2eoC17KgJD5Ywum9J5i7E9BAbgc2vi"
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date: 2026-03-08
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Failed Futardio fundraise for Seeker phone backup infrastructure. No novel claims about futarchy mechanisms or market dynamics — just a straightforward failed raise with weak market reception. Updated existing SeekerVault entity with timeline entry and created decision_market entity for the fundraise itself. The 4.2% raise-to-target ratio is notable as one of Futardio's weakest outcomes but doesn't warrant a standalone claim without comparative data on other failed raises."
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---
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## Launch Details
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@ -160,3 +164,13 @@ Two builders, zero fluff. All execution.
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- Token mint: `J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta`
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- Version: v0.7
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- Closed: 2026-03-09
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## Key Facts
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- SeekerVault targeted $50K fundraise for encrypted backup on 150K+ Seeker phones (2026-03-08)
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- Raise collected only $2,095 (4.2% of target) before refunding (2026-03-09)
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- Proposed $8K/month burn rate for 6-month runway
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- Product roadmap: encrypted backup → creator vaults → AI agent storage → data marketplace
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- Built on Walrus + Seal storage infrastructure
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- Team: @gbflarcos and @Beardkoda (anonymous builders)
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- Token: J4r (J4rMkvf4qwJgX2nK3ueeL4E423chSG2jVqgk5LAGmeta)
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