DAO fund management solution provider Karpatkey has completed a $7 million financing round, with participation from Wintermute Ventures and others

ChainCatcher news, according to The Block, the provider of on-chain fund management solutions for DAOs, Karpatkey, announced the completion of a $7 million funding round. The investors in this round include AppWorks Ventures and Wintermute Ventures, as well as a number of well-known angel investors, such as Joe Lubin from ConsenSys, Stani Kuchelov from Avara, and Fernando Martinelli from Balancer Labs.

It is reported that Karpatkey is a non-custodial on-chain asset management infrastructure that provides financial services for leading DAOs. The newly acquired funds will be specifically used to expand the range of services offered by Karpatkey to more DAOs and accelerate its expansion into traditional financial institutions.