DAO infrastructure provider Tally completes $8 million Series A funding, led by Blockchain Capital and others

According to CoinDesk, DAO infrastructure provider Tally has raised $8 million in Series A funding, aiming to expand its governance technology to more crypto native decentralized autonomous organizations (DAOs). This round of financing is led by Appworks and Blockchain Capital, with participation from companies such as BitGo. It is reported that Tally's most famous product is the Tally protocol, which provides support for infrastructure and helps leading protocols effectively govern their DAOs on the chain, including Arbitrarum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane. The platform was originally a DAO governance tool and has now evolved into the most widely adopted software stack by on chain organizations on the Ethereum and Solana blockchains. Tally had previously raised $7.5 million through two rounds of financing in 2021.