Upstream Raises $12.5M in Series A Funding

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Upstream has raised $12.5 million in Series A funding, founded in Miami, FL, e-commerce platform that allows anyone to start and manage their own DAOs, e-commerce platform based in no-code.

The round was led in part by an existing investor boldstart Ventures. Other investors included Ibex Investors, Tiger Global and Panoramic Ventures.

Upstream now has $15.75million in funding. It will use the new funding to expand their DAO platform Upstream Collectives. Upstream Collectives is officially open for business today.

Alex Taub and Michael Schonfeld co-founded Upstream, a platform that allows anyone to start and manage their own DAO. Upstream Collectives is a product that combines key components of a DAO, such as voting and governance, token gating and group chat. It also offers a wallet. Upstream Collectives’ closed beta launched in November 2021. It has since amassed over $2 million in assets.

 

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