Upstream, a Miami, FL-based no-code platform where anyone can start and run their own DAO, raised $12.5m in Series A funding.
The round was led by existing investor boldstart ventures with participation from existing investor Ibex Investors and new investors including Tiger Global, Vayner Fund, Fenbushi Capital, Panoramic Ventures, Alpaca VC, Human Ventures, Blumberg Capital, The Medici Group, and more.
The new funding, which brings Upstream to a total of $15.75 million raised, will go toward scaling their all-in-one DAO platform, Upstream Collectives, officially opening up to the public today.
Co-founded by Alex Taub and Michael Schonfeld, Upstream is a no-code platform where anyone can start and run their own DAO. Its product Upstream Collectives bring together the key elements of a DAO including treasury, voting, governance, token gating, group chat, delegation of votes, and a wallet into one experience. Since launching its closed beta in November 2021, Upstream Collectives has amassed more than $2 million in assets.
FinSMEs
09/03/2022