2 years ago
Upstream, a no-code level wherever anyone tin commencement and tally a decentralized autonomous enactment (DAO), has announced a $12.5 cardinal Series A backing round and the nationalist motorboat of its Upstream Collectives platform.
The backing circular was led by existing capitalist Boldstart Ventures with information from Ibex Investors, Tiger Global, Vayner Fund, Fenbushi Capital, Panoramic Ventures, Alpaca VC, Human Ventures, Blumberg Capital and The Medici Group, among others.
The superior volition assistance standard Upstream Collectives. The level offers the cardinal elements of a DAO, including treasury, voting, governance, token gating and a wallet.
Launched successful beta past November, Upstream Collectives has since amassed much than $2 cardinal successful assets, according to the company.
“Upstream is doing for DAOs what Squarespace and Wix did for websites and Shopify did for eCommerce,” said Boldstart Ventures spouse Eliot Durbin successful the property release. “By making it elemental for anyone to motorboat DAO, Upstream volition unfastened up Web 3 to caller audiences and powerfulness the aboriginal of decentralized assemblage ownership.”
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