Syndicate finally made the exciting announcement of raising $20 million from more than 150 investors, creators, operators, and founders in the Series A Round. The firm is working on making the investment sector community-driven, democratized, and decentralized. Syndicate is focusing on the development of a robust infrastructure of social networking and decentralized investing protocols.
Currently, the platform is working on the creation of advanced techno-legal solutions along with a platform for social networking for the next generation to empower communities to invest, raise, and coordinate capital more efficiently. By employing the $20 million capital, Syndicate hopes to empower the communities of builders, influencers, friends, and creatives to make investments in revolutionary technologies and innovative ideas.
Founded in 2021, Syndicate aims to establish decentralized autonomous organizations to enable communities to make transparent and collective investments. The decentralized investment protocol of Syndicate will allow users to create investment syndicates online for less than $10 within a minute. According to Ian Lee, the co-founder of Syndicate Protocol, Syndicate will make it a hundred times cheaper to make investments and set up capital funds. The firm will decentralize and democratize investments. It will also enable small groups of users to curate NFT-based art and investors to pool their talent, capital, and network for seeding projects at the early stage.
Syndicate has entered into partnerships with a wide variety of firms to realize the noble cause. The different firms who have been a part of the Series A Round include IDEO CoLab Ventures, Scalar Capital, Coinbase Ventures, Protocol Labs, Ashton Kutcher, and Guy Oseary’s Sound Ventures, Delphi INFINFT, Atelier Ventures, the Council Fund, and more led by Andreessen Horowitz and its Cultural Leadership Fund. Syndicate has simplified the whole process of investment and reduced the capital requirement to encourage the establishment of new DAOs.