We're excited to introduce Web3 Investment Clubs, Syndicate’s first mainstream crypto-native social investing tool built on Syndicate Protocol. It launched today in public beta and transforms any Ethereum wallet into a powerful investing DAO in seconds for just the cost of gas. Start one with your web3 community today here.
Friends, angel investors, and web3 communities can now create and run an investment club as a DAO as easily as starting a group chat. Syndicate’s Web3 Investment Clubs can invest in tokens and NFTs—as well as off-chain startups and assets. They can attach legal entities, open bank accounts, and issue K-1s. And they’re powered by ERC-20 infrastructure, making them out-of-the-box composable with any DAO and web3 tool like Gnosis, Snapshot, and more.
For far too long, the powerful tools to invest with others have been excluded to those who can afford expensive SaaS and service providers. But now, virtually anyone can launch and run an investment club as a DAO with Syndicate—in 100x less the time and cost of an investing vehicle built on today’s TradFi and web2 platforms.
This marks just the first of many steps in our mission to radically transform investing through accessible, effortless, and social web3 technologies. Web3 communities like South Park Commons-Script Founder Fellowship, Global Coin Research (GCR), Chapter One, DAO Jones, Awesome People DAO (Julia Lipton), Vector DAO, The Council DAO, Eve, Morii Music DAO, Chad Capital, We3 DAO, SLCF (SuperLayer-Chainforest), Women in VC DAO, Forefront and many more have or are in the process of launching investment clubs on Syndicate.
Today, we’re excited to announce that Syndicate has raised $20 million in a Series A round led by Andreessen Horowitz with participation from over 150 leading founders, operators, creators, and investors (full list below). Following our community raise, our Series A is the next major step in bringing our revolutionary protocol and platform for investing to people and communities all around the world.
Within the next decade, investing will be decentralized, democratized, and community-driven. Syndicate is building the infrastructure to enable this at scale—we’re developing decentralized investing and social networking protocols, advanced legal tech solutions, and a next-gen social networking platform that empowers communities to raise, coordinate, and invest capital like never before. This will have a profound impact by expanding what gets funded and built in the world—by whom, for whom, and where. It’ll level the playing field, empower communities of builders, creatives, influencers, and friends to invest in new ideas and world-changing technologies, and introduce radical new models for investing to society that are fundamentally more open, free, and fair.
To realize this important yet complex mission, we’re partnering with values-aligned leaders who represent a diverse array of industries and communities as part of our Series A, including firms like Andreessen Horowitz and its Cultural Leadership Fund, IDEO CoLab Ventures, Variant, Electric Capital, CoinFund, Scalar Capital, Bill Ackman’s Table Management, Weekend Fund, Coinbase Ventures, Ashton Kutcher and Guy Oseary’s Sound Ventures, Kevin Durant’s Thirty Five Ventures, Aave, Protocol Labs, A Capital, Acrylic, Delphi INFINFT, True Ventures, Makena, Atelier Ventures (creator economy focused venture firm), the Council Fund (all women venture firm), entrepreneurs like Ryan Hoover (Founder of Product Hunt), Alexis Ohanian (Co-Founder of Reddit), Biz Stone (Co-Founder of Twitter), Cordozar Broadus (Snoop Dogg), and investors like Matthew Ball, Packy McCormick, Lenny Rachitsky, Scott Belsky, Alice Lloyd George, and over 100 more people and firms who each bring important capabilities, expertise, and networks to the project.
Today, we are proud to announce that Syndicate has raised $800K from 100 early users, partners, and friends in its community (full list below). Syndicate’s community raise is an important first step in democratizing our own platform and making Syndicate community-owned.
Our community raise was completed in less than a week via Syndicate itself: 100 early community members invested in Syndicate via an SPV-like Syndicate DAO launched on our platform and protocol.
DAO-powered Special Purpose Vehicles (SPVs) are just one of many applications (Community DAOs, Ecosystem Funds, NFT Funds, Economic Empowerment DAOs) for Syndicate that are rolling out now and in the weeks ahead.
In the last few weeks, the newest Syndicate DAOs launched on our platform—Komorebi Collective and Audacity—a decentralized automated organization (DAO) empowering communities to invest in underrepresented founders.
Komorebi Collective launched last month to invest in female and non-binary founders and is backed by Dragonfly, IDEO CoLab Ventures, Kleiner Perkins, Mechanism Capital, and more.
Last Friday, the newest Syndicate DAO launched on our platform—Delphi INFINFT—an decentralized automated organization (DAO) enabling people to invest in NFTs, cryptomedia, and related startups.
Along with Flamingo DAO, PleasrDAO, and others, INFINFT is one of the world’s first onchain NFT funds that will invest ~$5M in ~20 NFT projects in 2021. INFINFT is co-run by Delphi Digital and gmoney and is backed by IDEO CoLab Ventures, Gabby Dizon (Yield Guild), Jiho (Axie Infinity), Andrew Steinwold (Sfermion), Andy (Fractional), Calvin Liu (Compound), Will Price, and many more.
Collector and NFT Funds are just the third of many applications for Syndicate that are rolling out now and in the weeks ahead.
Yesterday, the newest Syndicate DAO launched on our platform—the Terra Ecosystem Incubator—an ecosystem fund and decentralized automated organization (DAO) enabling protocols and their communities to co-invest together in new projects.
Created by Terra, Delphi Labs, and IDEO CoLab Ventures, the Terra Ecosystem Incubator will provide grant funding to winners of Terra’s DeFi Connected Hackathon. The most promising projects will be invited to join an 11-week incubation program with Delphi and IDEO, and later on, the Terra community will have the opportunity to co-fund these projects via the Syndicate DAO.
Ecosystem Funds are just the second of many applications for Syndicate that are rolling out now and in the weeks ahead.
Yesterday, the first Syndicate DAO launched on our platform—the IDEO Founder Collective—a legally compliant, decentralized automated organization (DAO) for sharing equity and ownership across a community of organizations and people—in this case, IDEO and 20+ founders in its portfolio.
Community Ownership DAOs are just the first of many applications for Syndicate that will be rolling out in the weeks ahead.