# DeepDAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepdao

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.deepdao.io
- Total disclosed funding: $3M
- Latest round: Seed (Jun 4, 2021)
- Investors on record: 2

## About

DeepDAO provides tools aimed at enhancing transparency and engagement within Decentralized Autonomous Organizations (DAOs), facilitating better governance and financial insights for users across multiple sectors.Founded in 2020 and headquartered in Tel Aviv, Israel, DeepDAO specializes in developing solutions for Decentralized Autonomous Organizations (DAOs). The company was established by Eyal Eithcowich, who has a background in technology startups. DeepDAO has completed 2 deals, with the most recent being on June 4, 2021, when it raised USD 3.000 mn in Seed funding from investors including Digital Finance Group and Hypersphere Ventures, reaching a total of USD 3.000 mn raised.DeepDAO offers a comprehensive suite of tools designed to enhance the transparency and engagement within Decentralized Autonomous Organizations (DAOs). Their core product is a discovery engine that aggregates data from various DAOs, facilitating detailed insights into governance structures, financial metrics, and community engagement. The platform serves a diverse array of stakeholders including DAO members, investors, and researchers, helping them navigate the complex ecosystem of decentralized governance. DeepDAO’s solutions are particularly relevant for users in North America, Europe, and Asia, where the DAO movement is most prominent. The tools are designed to streamline decision-making processes and improve user participation, thereby addressing challenges related to governance inefficiency and transparency in the rapidly evolving blockchain space.DeepDAO’s revenue model is primarily based on subscription services, providing tiered access to their platform’s advanced analytics and features. Clients can engage in direct transactions to purchase access to the platform, which may include options for both B2B partnerships and direct-to-consumer sales. Pricing plans are structured to cater to various user needs, from individual DAO participants to larger organizations seeking comprehensive analytics solutions. The flagship offerings of the platform support organizations in effectively managing their governance and financial operations, creating a reliable revenue stream through recurrent subscriptions and potential enterprise-level partnerships. This transaction structure allows for a clear alignment of services with the growing demand for enhanced governance solutions in the DAO space.In June 2021, DeepDAO raised USD 3.000 mn in Seed funding co-led by new investors Digital Finance Group and Hypersphere Ventures, with participation from individual investors. The company plans to utilize this funding to expand its data suite for tracking decentralized autonomous organizations and to launch new governance tools. Additionally, DeepDAO aims to broaden its market presence, specifically targeting North America, Europe, and Asia for expansion, with a focus on enhancing their product offerings in these regions.

## Funding rounds

- Seed, Jun 4, 2021, $3M — Digital Finance Group, Hypersphere Ventures

## Investors

- Digital Finance Group (https://capitalatlas.ai/funds/digital-finance-group) — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed