Tech Company Financing Transactions

Karma3 Labs Funding Round

On 3/1/2024, Karma3 Labs raised $4.5 million in Seed financing from Galaxy Ventures, IDEO CoLab Ventures and DraperDragon.

Transaction Overview

Company Name
Announced On
3/1/2024
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Proceeds Purpose
The raise enables OpenRank to broaden adoption across early use cases and help launch protocol v1 for developers, ushering in a new era of permission-less and verifiable reputation computation.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
1572 Plateau Avenue
Los Altos, CA 94024
USA
Phone
Undisclosed
Email Address
Overview
We're building OpenRank, a decentralized reputation protocol to enable developers create applications and run communities using an open ranking and recommendation layer. Using verifiable algorithms and compute, you can identify and reduce spam and sybils without centralized gate-keeping or censorship. We're building a verifiable ranking and reputation infrastructure that uses social graph algorithms like EigenTrust.
Profile
Karma3 Labs LinkedIn Company Profile
Social Media
Karma3 Labs Company Twitter Account
Company News
Karma3 Labs News
Facebook
Karma3 Labs on Facebook
YouTube
Karma3 Labs on YouTube

Management Team

Title
Name
Email & Social
Co-Founder
Sahil Dewan
  Sahil Dewan LinkedIn Profile  Sahil Dewan Twitter Account  Sahil Dewan News  Sahil Dewan on Facebook
Co-Founder
Eugene Kim
  Eugene Kim LinkedIn Profile  Eugene Kim Twitter Account  Eugene Kim News  Eugene Kim on Facebook


 

 

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