LabDAO, a decentralized autonomous organization focused on open-source drug discovery, completes $3.6 million in financing, co-led by Inflection.xyz and Village Global, North Island Ventures, Seed Club Ventures, ID Theory, Road Capital, Curve Labs, gmjp.lol, Molecule , Gnosis DAO, The LAO, Orange DAO, Beaker DAO, Spaceship DAO, and former Coinbase CTO Balaji Srinivasan participated in the investment.

The fundraising announcement coincides with the launch of the PLEX software platform. PLEX is a client that enables scientists to interact with laboratories. Additionally, Openlab is a non-profit organization founded in Switzerland by the LabDAO team.