DeepDAO raises $3m for future expansion
We’re excited to share that DeepDAO has closed a seed investment round primarily led by Hypersphere and DFG. The pre-seed round was led by LD Capital, YBB Foundation who have is an early and significant supporter of DeepDAO. We are pleased to be joined with a list of active venture firms: Moonwhale Ventures, Morningstar Ventures, SevenX Ventures, AU21 Capital, TRGC, JRR Crypto, Incuba Alpha, Bitfwd, Mr. Block, The Illusionist Group, Puzzle Ventures, PAKA Capital, Kernel Ventures, Lancer Capital, Waterdrip Capital, LVT Capital, Infinite Decentralization Capital, Kolektivo Labs, Moon Capital, BlueHelix, ArkStream Capital, ID Theory, DAO Maker, Ellipti, Stratos Technologies, Andrey Shirben Vishal Kankani, Sergei Chan, Jemma Xu and others.
The overwhelming demand for DeepDAO’s seed round shows strong interest in data and social products for the DAO space and the belief the DAO ecosystem will grow. To date, DeepDAO’s dashboards have provided access to deep analytics and social data in the DAO space. DeepDAO makes the inner workings of the DAO ecosystem more accessible through aggregation, data visualization and ever expanding cross-platform integrations.
Moving forward, DeepDAO will expand data coverage and provide an enhanced user experience to navigate the growing governance ecosystem. We're ecstatic to hear from crypto natives across the ecosystem that our products are already their go-to for comprehensive information about the DAO ecosystem. DeepDAO V1 is live today and supports the top 100+ DAOs and is continuously adding more DAOs.
DeepDAO Future expansion
The next major DAOs on our dashboard to be supported include Gnosis Safes, Snapshot, Kusama, Polkadot, and the top DAOs in the DeFi space like Uniswap, Compound. More platforms, networks and DAOs will be integrated over time.
DeepDAO provides insights on all aspects of the DAO ecosystem: proposals, voting patterns, members participation, growth rate and overall decentralization metrics.
These insights tell the story of how blazing fast the DAO ecosystem is growing, onboarding more and more projects with a DAO-first mindset, as well as traditionally structured companies that transform and evolve into DAOs. The exponential growth of the DAO ecosystem signals a transition from legacy corporate structures to digital native, open and collaborative economy.
We anticipate that the DAO ecosystem will indeed scale to millions of users. We are honored to support this exciting transition with data products and social experiences.
“Decentralized protocols are governed by their users, but to unlock the transparency and inclusivity we need high quality tools. DeepDAO visualizes blockchain data to empower communities. Hypersphere is excited to partner with Eyal, Daniel and the DeepDAO team to make decentralized governance easily accessible to everyone”
Jack Platts, Partner at Hypersphere
“As a DAO believer I’ve been following the decentralized governance space since very early. DeepDAO data products proved that providing valuable data while making it engaging and useful is a strong catalyst for growth.
Incuba Alpha is thrilled to back Eyal and the DeepDAO team, they have demonstrated that they can build products that became the number one go-to source for DAOs social and financial data.”
Ruby Wu, Partner at Incuba Alpha
We’re looking forward to working with the fantastic investors that joined this investment round. If you’re interested to joining us and being a part of the DAO ecosystem, please feel free to reach out to us at info@deepdao.io
About DeepDAO
DeepDAO is covering financial and governance data on the 100+ top DAOs that include the five major platforms Aragon, Moloch, DAOstack, OpenLaw and Colony. DeepDAO’s mission is to provide comprehensive discoverability for decentralized governance systems. DeepDAO presents extensive analytics and information gathering. The main dashboard product enumerates and ranks DAOs using several key metrics such as membership and assets under management (AUM).
Website: DeepDAO.io
Twitter: @deepdao_io