Why we invested in Mural

Decentralized Autonomous Organizations (DAOs) have grown exponentially over the past five years, with the number of DAOs growing more than 750% in the past year alone. DAOs have proliferated across multiple verticals, in spaces such as investments (Metacartel, the LAO, BitDAO), collectibles/NFTs investments (FlamingoDAO, PleasrDAO), DeFi (MakerDAO, DYDX, Uniswap), and community building (FWB, BAYC). 

That’s why we invested in Mural, which is building the most powerful financial stack for DAOs to equip their teams with a dynamic suite of financial tools. As DAO treasuries get bigger and market conditions continue to shift, financial management is becoming one of the most critical aspects for sustainable DAO operations. Mural brings much needed DAO-centered solutions to this burning problem.

The team is led by founders Sinclair and Kevin, who have extensive experience building tool suites for finance managers in SMEs and leading technical teams in fast-paced environments. The duo has unparalleled drive and determination, and a deep understanding of the problem borne out of their strong engagement with top DAOs (such as Nouns, Empire DAO) and their expertise in the DeFi space.

Hugely excited to be teaming with brilliant investors like Digital Currency Group, Galaxy Digital, AlleyCorp, and over 30 world-class builders including Nikil Viswanathan and Joseph Lau (Alchemy), Tom France (Ledger), Itamar Lesuisse (Argent), and many more.