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[October 22, 2024] – Karpatkey, a leading provider of on-chain treasury management solutions for DAOs and financial institutions, today announced the successful close of a $7 million seed funding round. The investment, fueled by over 40 angel investors and prominent venture capital firms, will accelerate Karpatkey's expansion to serve a broader range of DAOs and bridge the gap between traditional finance and the decentralized world.
Karpatkey offers a comprehensive suite of treasury management services designed to optimize and safeguard the assets of decentralized autonomous organizations (DAOs). Their bespoke approach includes dedicated teams that work closely with DAOs to enhance income generation, forge strategic partnerships, navigate technical challenges, mitigate risks, and ensure long-term sustainability. This hands-on model has propelled Karpatkey to become the largest active DAO treasury manager in the crypto space, currently overseeing a network with over $1.8 billion in assets and a flawless track record of over 10,000 on-chain transactions.
"We are incredibly excited to welcome such a distinguished group of investors, many of whom are already valued partners," said Marcelo Ruiz de Olano, Co-Founder of Karpatkey. "This funding round validates our commitment to delivering high-quality solutions and building enduring relationships with the DAOs we serve."
The impressive roster of investors includes AppWorks Ventures, Wintermute Ventures, and a host of influential angel investors:
- Joe Lubin (ConsenSys Founder & Ethereum Co-founder): "I've witnessed Karpatkey's evolution into a pioneering force in DAO treasury management. Their bespoke approach, deploying dedicated teams to empower DAOs, has fostered long-term sustainability and remarkable growth."
- Stefan George (Gnosis Co-Founder & CTO): "Karpatkey's journey, from managing the Gnosis treasury to serving numerous top crypto organizations, has been remarkable. Their expanding DAO network creates valuable opportunities for Gnosis, and we anticipate continued growth in our partnership."
- Ching Tseng (AppWorks Principal): "Karpatkey is building the critical infrastructure that will enable decentralized finance to manage large-scale capital, mirroring traditional treasury asset managers. We have strong confidence in Marcelo's leadership and experience."
- Wintermute Ventures: "Karpatkey's leadership in on-chain treasury management provides DAOs with efficient solutions that go beyond asset maintenance. Their focus on risk management, governance strategy, and advisory services generates tangible value. We're thrilled to see them extend this model to institutions, prioritizing capital safety."
- Other notable angel investors include: Stani Kulechov (Aave), Fernando Martinelli (Balancer Labs), Martin Köppelmann (Gnosis), Hugh Karp (Nexus Mutual), Lefteris Karapetsas (Rotki), Marc Zeller (Aave Chan Initiative), and representatives from ENS, CoW Protocol, Lido, and more. (A full list of investors is available on Karpatkey's website).
Beyond serving DAOs, Karpatkey is strategically positioned to bridge the gap between traditional finance and DeFi. The company plans to offer institutional investors access to blue-chip DeFi tokens and yield through actively managed open-ended funds, leveraging its existing infrastructure at competitive rates.
"We envision Karpatkey as a vital liquidity bridge, connecting traditional finance with DeFi and benefiting our partners, investors, and the broader crypto ecosystem," added Marcelo Ruiz de Olano.
About Karpatkey:
Founded in 2020, Karpatkey initially managed the Gnosis treasury and has since expanded to provide a diverse range of financial solutions to leading crypto organizations. Karpatkey specializes in business development, risk management, legal consulting, mergers and acquisitions, and other critical areas, offering a holistic approach to treasury management. With a proven track record and a commitment to innovation, Karpatkey is shaping the future of decentralized finance.
Compiled by CMO Intern team
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