# Debt DAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/debt-dao

- Industry: Internet
- Headquarters: US
- Website: https://debtdao.finance/
- Total disclosed funding: $3.5M
- Latest round: Seed (Aug 2, 2022)
- Investors on record: 7

## About

Based in the US, and founded in 2021, Debt DAO operates as a blockchain technology company that provides debt financing solutions. The company was founded by Chris Walker and Kiba Gateaux. In August 2022, Debt DAO raised USD 3.6 million in seed funding led by Dragonfly Capital, Daedalus Partners, Fasanara Capital, and GSR Ventures.

Debt DAO provides a decentralized crypto-native Credit marketplace to buy, sell, and manage debt and DeFi (decentralized finance). The company’s product line includes Spigot, a smart contract that offers revenue-based financing solutions for crypto-native borrowers. The firm also provides an on-chain marketplace where DAOs and DeFi protocols can borrow from upcoming cash flows, enabling these organizations to obtain liquidity without having to sell their assets or dilute their ownership.

## Funding rounds

- Seed, Aug 2, 2022, $3.5M — GSR Ventures, Daedalus Partners, Dragonfly Digital Management, The LAO, Fasanara Capital, Spaceship DAO, Numeus

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed
- Daedalus Partners (https://capitalatlas.ai/funds/daedalus-partners) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- Fasanara Capital — Seed
- Spaceship DAO — Seed
- Numeus — Seed