CreatorDAO, a Los Angeles, CA-based decentralized community that invests in creators, raised $20M in Seed funding.
The round was led by a16z crypto and Initialized Capital, with participation from Liquid 2 Ventures, M13, Audacious Ventures, 6th Man Ventures, Abstract Ventures, SV Angel, Hack VC, Fika Ventures, Fuel Capital, Goldhouse, Soma Capital, Alliance DAO, Shima Capital, Olive Capital, Kygo’s Palm Tree Crew, MGU Capital, Position Ventures, Alchemy Ventures, Paris Hilton, The Chainsmokers, Michael Ovtiz, and Liam Payne.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Michael Ma, CreatorDAO is a decentralized autonomous organization (DAO) focused on accelerating the careers of creators and empowering them with shared access to capital, technology, and community. The company offers creators access to mentorship, professional tools needed to grow their brands, and a community invested in each other’s success.
CreatorDAO invests in creators in exchange for a percentage of their future earnings. The DAO (Decentralized Autonomous Organization) structure allows investment decisions to be crowdsourced, and contributions to the DAO such as mentorship and collaboration to be rewarded. Top creators such as Paris Hilton, The Chainsmokers, Shawn Johnson, Andrew East, Joma Tech, and Swaggy Wolfdog, representing 50MM+ audience members, have already signed on to share their time, expertise, and/or earnings with the CreatorDAO community.
Emerging creators can apply to CreatorDAO, where those selected will be provided with the capital, mentorship, and technology needed to make better content and grow their audience. Creators that join the CreatorDAO will then share a percentage of their future earnings with the community treasury.
FinSMEs
10/08/2022