# Utopia Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utopia-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: https://utopialabs.com/
- Total disclosed funding: $25M
- Latest round: Series A (May 9, 2022)
- Investors on record: 16

## About

Founded in 2021 and based in California, US, Utopia Labs Corp. is a developer of a financial operating system designed for the decentralized autonomous organization (DAO).  In August 2021, Utopia Labs Corp. raised USD 1.5 million in seed funding led by new investor Kindred Ventures, with participation from other new investors Coinbase Ventures, Fourth Revolution Capital, and Syndicate Inc. Individual investors also participated in the round. Additionally, in May 2022, Utopia Labs raised USD 23 million in Series A funding led by new investor Paradigm, with participation from other new investors Circle Ventures, COWA, FG Services Limited, Distributed Global Ventures, Global Coin Research, IndiGG, Infinity Ventures Crypto, Paragons DAO, Spice Capital, Yield Guild Games, and ZenPayroll, Inc. The Series A funding values Utopia Labs at USD 100.70 million post-money.  The company was co-founded by CEO Kaito Cunningham, Pryce Adade Yebesi, Alexander Wu, and Jason Chong. 

Utopia Labs offers collaborative payroll and expense management solutions in the Web3 economy for decentralized autonomous organizations to streamline operations, automate payroll, manage expenses, organize contributors, ensure compliance, and consolidate financial reporting. 

The company plans to use the 2022 funding to expand its team and further develop the platform by creating new features.

## Funding rounds

- Series A, May 9, 2022, $24M — Gusto, Inc., Spice Capital, Kindred Ventures, Coinbase Ventures, Distributed Global Ventures, Paradigm, Fourth Revolution Capital, Yield Guild Games, Infinity Ventures Crypto, Circle Ventures, IndiGG, COWA, FG Services Limited, Global Coin Research, Paragons DAO
- Seed, Aug 26, 2021, $1.5M — Kindred Ventures, Coinbase Ventures, Ascend Venture Capital, Fourth Revolution Capital, Syndicate Inc.

## Investors

- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed, Series A
- Ascend Venture Capital (https://capitalatlas.ai/funds/ascend-venture-capital) — Seed
- Fourth Revolution Capital (https://capitalatlas.ai/funds/fourth-revolution-capital) — Seed, Series A
- Syndicate Inc. — Seed
- Gusto, Inc. — Series A
- Spice Capital (https://capitalatlas.ai/funds/spice-capital) — Series A
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Series A
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A
- Yield Guild Games (https://capitalatlas.ai/funds/yield-guild-games) — Series A
- Infinity Ventures Crypto (https://capitalatlas.ai/funds/infinity-ventures-crypto) — Series A
- Circle Ventures — Series A
- IndiGG — Series A
- COWA, FG Services Limited — Series A
- Global Coin Research (https://capitalatlas.ai/funds/global-coin-research) — Series A
- Paragons DAO — Series A