What is Upstream?
Upstream operates as a sophisticated no-code platform designed to simplify the creation and operation of DAOs. By integrating essential tools such as treasury management, voting mechanisms, governance protocols, token gating, and secure group communication into a unified mobile-first experience, the company removes the technical barriers typically associated with decentralized entities. Founded by industry veterans Alex Taub and Michael Schonfeld, the platform leverages their extensive background in social analytics and cryptocurrency to provide a cohesive environment for community-led initiatives. Upstream is uniquely positioned as the only mobile-native DAO platform, effectively lowering the barrier to entry for creators and organizations looking to leverage blockchain technology for collective decision-making and asset management.
How much funding has Upstream raised?
Upstream has raised a total of $15.3M across 2 funding rounds:
Angel/Seed
$2.8M
Series A
$12.5M
Angel/Seed (2021): $2.8M with participation from 8-Bit Capital, Converge, NYVP, Human Ventures, and Ibex Investors
Series A (2022): $12.5M led by Panoramic Ventures, Fenbushi Capital, MEDICI GROUP, Tiger Global Management, Human Ventures, Ibex Investors, Vayner Fund, Blumberg Capital, and Alpaca VC
Key Investors in Upstream
Panoramic Ventures
Panoramic Ventures is a venture capital firm based in Atlanta that takes a wider-view approach to investing by targeting the Southeast and Midwest and placing a focus on diverse founders and university startups.
Fenbushi Capital
Fenbushi Capital is Asia's pioneering asset management firm focused on blockchain technology, supporting over 300 innovative projects within the ecosystem.
Tiger Global Management
Tiger Global Management is a prominent investment firm deploying capital in both public and private markets, with a long history of backing high-growth technology companies.
What's next for Upstream?
With the infusion of this latest capital, Upstream is poised to scale its operations and enhance its product suite to meet the demands of a rapidly evolving enterprise landscape. The strategic focus will likely center on deepening the platform's integration capabilities and expanding its reach among organizations seeking to implement decentralized governance models. As the company matures, it will likely prioritize the development of advanced treasury tools and cross-chain interoperability to maintain its competitive edge. By fostering a more inclusive environment for DAO creation, Upstream is well-positioned to capture a significant share of the emerging decentralized economy, providing the necessary infrastructure for the next generation of digital-first organizations to thrive.
See full Upstream company page
