ICYMI: Syndicate raises $6 million to grow decentralized asset management platform
Syndicate, a decentralized asset management platform that also works as a social network, just raised $6 million in funding from over 50 investors including DAOs, non-profits, partners, customers, and individual investors.
Syndicate allows anyone to create a"web3 investment club" for on-chain and off-chain investments, including forming the legal entities for their clubs. "With the funding, we plan to deepen our capabilities and partnerships in important areas as we plan to launch new investing DAO infrastructure and tools for new markets, users, and use cases in the coming months," said Ian Lee, co-founder of Syndicate, in an email to The Block.This round brings the startup’s total funding to $28 million since its launch in January 2021.
A16z also led the company’s Series A last summer."We have been and continue to work with [a16z] closely across a wide number of initiatives for DAOs and the industry," said Lee.
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