Syndicate, a decentralized asset management platform, has just secured about $6 million in investment from more than 50 investors. The investors are from a variety of fields such as decentralized autonomous organizations (DAOs), partners, non-profits, consumers, and individual investors.
Andreessen Horowitz (a16z), Carta Ledger, South Park Commons, OpenSea, Polygon, Circle Ventures, United Talent Agency, FalconX, CoinList, and others are among the investors in this round.
Syndicate decentralized asset management platform
Syndicate permits anybody to establish a web3 investment club for on-chain and off-chain investing, including the formation of legal corporations for their clubs. The company was established in January 2021. The syndicate platform also functions as a social network. The Syndicate team presently consists of more than 30 employees, with aspirations to expand to 40 in the next months. On securing a $6 million investment, Syndicate co-founder Ian Lee informed the following:
“With the [$6 million] investment, we want to extend our expertise and collaborations in critical areas as we prepare to introduce new investing DAO infrastructure and capabilities for emerging markets, users, and use cases in the coming months.”
Since its inception, the firm has raised a total of $28 million in investment.
Last summer, A16z led the company’s ‘Series A’ investment round. On that Lee said, “We have worked closely with [a16z] on a wide range of projects for DAOs and the industry, and we will continue to do so.”
