Karpatkey Secures $7 Million Funding To Expand DAO Solutions

According to PANews, blockchain asset management solutions provider Karpatkey has announced the completion of a $7 million funding round. This round attracted participation from over 40 angel investors and investment funds, including AppWorks and Wintermute Ventures. Notable individual investors include Joe Lubin, founder of ConsenSys; Stani Kuchelov of Avara; Fernando Martinelli of Balancer Labs; Stefan George, Friederike Ernst, and Martin Koeppelmann of GnosisDAO; Hugh Karp of Nexus Mutual; Lefteris Karapetsas of Rotki; and Marc Zeller of ACI. Karpatkey focuses on decentralized autonomous organizations (DAOs) and financial institutions. The new funding will help Karpatkey expand its solutions to more DAOs and accelerate its market expansion towards traditional funds and institutions. Founded in 2020, Karpatkey initially aimed to manage the finances of Gnosis. Today, it provides a range of complex financial solutions to many successful crypto organizations, including Aave, Balancer, CoW, ENS, Lido, and Safe.