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.png "Tally Raises $8 Million Series A to Empower DAOs and Scale On-Chain Governance")
April 22, 2025 – Tally, the leading provider of on-chain governance tooling, today announced it has secured $8 million in Series A funding. The round was led by AppWorks and Blockchain Capital, with participation from BitGo and others. This latest investment brings Tally’s total funding to $15.69 million, including a $7.5 million raise in 2021 and a grant of $154,530 in October 2023. The funds will be used to expand Tally's platform, enabling more decentralized autonomous organizations (DAOs) to effectively manage their governance processes and improve voter participation.
Tally provides a comprehensive software suite for DAOs operating across multiple blockchains, including Ethereum and Solana. The platform offers tools for launching tokens, managing governance proposals, and implementing staking mechanisms. With features like customizable token distribution, delegate management, and autonomous proposal execution, Tally facilitates transparent and efficient protocol governance.
"We've built a complete stack of software for operating these on-chain organizations," said Dennison Bertram, CEO and co-founder of Tally. "We can take you from your idea to launching your token, to distributing your membership or ownership, all the way to the value accrual for your protocol."
Tally's platform is already used by leading DAOs such as Arbitrum, Uniswap, ZKsync, Wormhole, EigenLayer, Obol, and Hyperlane, demonstrating its effectiveness in managing complex governance processes. The company aims to address the challenge of low voter participation in DAOs by introducing staking mechanisms that reward active governance participants. Users can stake their governance tokens to receive Tally Liquid Staked Tokens (tLSTs), earning passive income while retaining voting rights within DAOs.
"This fundraise is about leaning into our original vision," Bertram added. "Now that we've proven this works, it's time to scale it up." Tally's CEO also noted that recent regulatory clarity in the U.S. is expected to increase institutional participation in DAOs, further driving the need for robust governance tools.
Key Features and Benefits of Tally:
- Token Launch: Create and deploy tokens, manage distribution, and activate governance.
- Governance: On-chain proposal creation, voting, execution, and transparent voting power management.
- Staking: Industry-standard staking contracts compatible with governance and DeFi, customizable eligibility, and delegate compensation.
- MultiGov: Enables multichain governance across different networks.
- Advanced Voting Options: Signal voting, snapshot voting, private voting, and partial delegation.
- Integrations: Seamless integration with other platforms like Discourse, Gnosis Safe, and Snapshot.
About Tally:
Tally is the leading provider of on-chain governance software for DAOs and tokenized communities. The platform empowers DAOs to launch tokens, manage governance proposals, and implement staking mechanisms, facilitating transparent and efficient decision-making. For more information, visit https://www.tally.xyz/.
AppWorks
Founded in 2010 by Jamie Lin, AppWorks is a venture capital firm and startup accelerator based in Taipei, Taiwan. It provides seed-stage financing and operates semi-annual accelerator programs, supporting startups across Southeast Asia. AppWorks has built one of the largest founder communities in the region, comprising over 600 startups and nearly 1,850 founders.
Blockchain Capital
Established in 2013 by brothers P. Bart Stephens and W. Bradford Stephens, Blockchain Capital is a San Francisco-based venture capital firm specializing in blockchain and cryptocurrency investments. Managing over $2 billion in assets, the firm has invested in notable companies such as Coinbase, Kraken, Ethereum, and OpenSea. Blockchain Capital is recognized for pioneering the first venture fund dedicated to crypto builders.
BitGo
Founded in 2013 by Mike Belshe and Ben Davenport, BitGo is a digital asset trust and security company headquartered in Palo Alto, California. It offers institutional-grade services including multi-signature wallets, custody, staking, trading, and settlement solutions. BitGo is also the custodian for Wrapped Bitcoin (WBTC), facilitating its use on the Ethereum blockchain. In 2023, the company raised $100 million in Series C funding, valuing it at $1.75 billion.
Compiled by CMO Intern team
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