Karpatkey, a leading onchain treasury management provider for decentralized autonomous organizations (DAOs), has raised $7 million in a new funding round.
The fresh capital will be used to expand its service offerings to additional DAOs and strengthen outreach efforts to traditional financial institutions.
The investment round attracted notable backers, including AppWorks Ventures and Wintermute Ventures, alongside high-profile angel investors such as Joe Lubin (ConsenSys), Stani Kuchelov (Aave), and Fernando Martinelli (Balancer Labs).
Founded within GnosisDAO in 2021, Karpatkey became an independent entity earlier this year following a vote by GnosisDAO. Since its inception, the company has grown to manage over $1.8 billion in assets and facilitated more than 10,000 onchain transactions for its partners without any incidents. High-profile clients include Aave, Uniswap, ENS, and MakerDAO.
“We were one of the first active DAO treasury managers in crypto and remain today the largest, by far,” said Marcelo Ruiz de Olano. “Achieving this has required building expertise beyond traditional asset management, including business development, legal consulting, M&A, and risk management.”
Karpatkey began by managing Gnosis’s treasury in 2020 and has since expanded to offer financial solutions to prominent crypto protocols such as Balancer and Lido. As an active manager, the firm participates in protocol governance and strategic initiatives, working closely with partners to ensure their long-term financial stability.
The funding marks a significant milestone for Karpatkey, positioning it to further dominate the DAO treasury management space and bridge the gap between decentralized finance and traditional finance.
