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Boardroom – a governance management platform – has closed a $2.2M seed round led by Standard Crypto to create a cross-platform governance aggregator.
We are thrilled to announce that Boardroom has closed a $2.2 Million Seed Round led by @standardcrypto with participation from @IDEOVC, @coinfund_io, @variantfund, @hiFramework, @slow, amongst others ?? https://t.co/mvNhneXc1r
— Boardroom ??? (@boardroom_info) October 13, 2020
Boardroom believes that crypto networks will overtake traditional forms of management and ownership structures. It aims to provide the tooling & infrastructure necessary to scale the new ownership economy through a trusted governance dashboard by supporting protocols like Compound, yEarn Finance, Powerpool, Rarible, Yam, Aave, Balancer, and Curve.
The seed round comes with participation from Variant, CoinFund, IDEO CoLab Ventures, Framework Ventures, and Slow Ventures along with community-based organizations and angels MetaCartel Ventures, Divergence, The LAO, Stani Kulechov (Aave), Kain Warwick, Jordan Momtazi (Synthetix), Tarun Chitra (Gauntlet), Spencer Noon (DTC), Bollinger Investment Group, and Free Company.
Why Boardroom?
Managing governance across multiple protocols is becoming increasingly more complex as different standards and voting frameworks are being introduced every day. The Boardroom Hub gives users a simple way to participate across various protocols all through one dashboard, offering extensions and context on proposals to easily inform decisions and delegating voting power to trusted individuals.
Besides building tools for high-value digital stakeholders to scale their governance participation across various protocols, Boardroom also aims to serve as an aggregator of fragmented data relating to governance. The Boardroom SDK will give builders an easy way to access standardized governance data across protocols. This data can be integrated into any native UI, providing a foundation on which others can continue to build on top of.
Company Origins
Boardroom started as a hackathon project named Kora Governance, the first minimum viable version of Boardroom was launched 4 months ago. Since then, the idea has been able to greatly improve the product with the help of feedback from proven builders and industry leaders such as Stani Kulechov, Kainwarick, Tarun Chitra, MetaCartel Ventures, and more.
The Boardroom team has made it clear that their doors are open if any builders want to chat about governance systems and UX. If you’re interested in participating in giving feedback on Boardroom or otherwise engaging with the team, join their Discord here.
The raise goes to show that governance is continuing to grow in DeFi as platforms like Snapshot and Boardroom offer tools for teams to quickly plug into voting tools to better engage token communities in a simple, intuitive fashion.
To stay up with Boardroom, follow the project on Twitter.
Business Development and Operations at TrustToken – TUSD. Jack is a startup generalist and DeFi enthusiast. Stay connected with him by following @HHJackSun on Twitter.