LiquiFi raises $5M led by Dragonfly Capital Partners, to build the "Carta for web3" with token vesting and token cap table management solutions.
LiquiFi helps companies automate their token vesting, manage compliance, and provide token holders greater visibility into their ownership.
The $5M seed round was led by Dragonfly Capital Partners with participation from Nascent, Alliance DAO, 6th Man Ventures, Robot Ventures, Y Combinator, Orange DAO, Balaji, Katie Haun, Packy McCormick, Anthony "Pomp" Pompliano, Anthony Sassano, and other angels and operators from crypto companies.
Today, companies manually manage their employee and investor token distributions using spreadsheets, hiring dedicated staff to manage token operations, and custom in-house tooling. It's a painful process that takes a significant amount of time and risks losing funds due to human error.
"I love backing teams that are solving problems that I’ve personally experienced. I’ve seen how broken token vesting is, both as an employee at a crypto startup and as an investor, and I’m excited to finally have LiquiFi fixing this for the industry. The token economy is continuing to grow like crazy with more and more teams opting to give power back to their communities via tokenization, but the industry currently uses janky, one-off, homebrew solutions to manage token compensation. LiquiFi is making this process 100x better, and I’m thrilled to be working with Robin and Oliver to turn this into a reality." said Tom Schmidt, General Partner at Dragonfly Capital.
The company is live and onboarding customers on Ethereum and Polygon, with plans to support more chains soon. They provide audited token vesting smart contracts, built-in tax compliance support, and features to manage your token cap table and operations.