Tally, the leading software platform for onchain organizations, today announced it has secured a $8 million Series A funding round led by AppWorks, Blockchain Capital, 1kx and joined by CyberFund, Placeholder, BitGo and Bloccelerate to scale its comprehensive infrastructure for the onchain economy.
Tally powers infrastructure for leading organizations including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, Hyperlane, and many other prominent protocols. The platform began as a DAO governance tool and has evolved into the most widely adopted software stack for onchain organizations across Ethereum and Solana.
“The future of organizational software is composable, transparent, and onchain,” said Dennison Bertram, CEO of Tally. “This funding allows us to accelerate our mission of becoming the software layer for onchain organizations – powering token launches, governing protocols, and growth via staking.”
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Tally’s platform currently reaches hundreds of thousands of users onboarded through its launch tools. Collectively, these users have moved more than $1 billion in assets using Tally’s infrastructure. The company’s product suite supports every phase of an onchain organization’s life cycle:
- Launch: Onboard users, issue tokens, and distribute power
- Operate: Manage treasury, upgrade smart contracts, and fund major initiatives
- Grow: Accrue value through composable staking extensions
“Tally’s culture of hard work and focus has been forged under a multi-cycle period of time and pressure,” added Peter Pan from 1kx. “It has allowed them to emerge as a market leader in the onchain organization ecosystem across an entire variety of products from voting, treasury management to token fee sharing. 1kx has participated in every round since inception and are proud to continue to be supporters.”
“Tally’s product and its evolution clearly shows how deeply Dennison and the rest of the team understand onchain organizations and their needs,” added Artem Kotelskiy of CyberFund. “They have built a sophisticated platform that caters for a variety of different personas: token holders, delegates, service providers, etc. The strong organic traction, along with the new products that are poised to capitalize on the tokenization trend — this is what gave us conviction to bet on Tally as the leading foundational software layer, particularly for the next major expansion phase of crypto.”
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