DAO Creation Platform Upstream raises $12.5M and launches publicly

Upstream is a platform that allows anyone to start and manage a decentralized autonomous organisation (DAO) on a zero-code basis. announced a $12.5 million Series A funding round and the public launch of its Upstream Collectives platform.

Boldstart Ventures was the lead investor. Other participants included Ibex Investors and Tiger Global.
Upstream Collectives will be scaled with the capital. The platform provides all the essential elements of a DAO such as voting, treasury and a wallet.
Upstream Collectives was launched in beta in November and has since amassed assets of more than $2,000,000, according to the company.
“Upstream is doing for DAOs what Squarespace and Wix did for websites and Shopify did for ecommerce,” said Boldstart Ventures partner Eliot Durbin in the press release. “By making it simple for anyone to launch a DAO, Upstream will open up Web 3 to new audiences and power the future of decentralized community ownership.”
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