Y Combinator Alumni Raise $80 Million For Dao To Back Crypto Startups
08/23/22, 4:01 PM
Location
los angelesMoney raised
$80 million
Industry
real estate
other
software
Groups of people seeking to invest together have been turning to the crypto-native DAO (decentralized autonomous organization) structure for a collective decision-making framework. While an investment DAO typically can only have up to 100 members in order to stay compliant with SEC rules, Orange DAO has found a way to bring over over 1,000 Y Combinator alumni together to back web3 startups through an associated venture fund.
Company Info
Location
2 minster court
los angeles, california, united states
Additional Info
Founded by three MITers, Mert Karakus, Hazal Mine Kansu and Ege Ozgirin, the company plans to use these funds to reach more property managers, brokerages and marketplaces around the world. The company is currently offering their solution as a dashboard for smaller real estate businesses with less than 200 listings per month and an API for larger property manager and marketplace clients.