Tally completed a $8 million Series A financing to accelerate the infrastructure of on-chain organizations.

The software platform Tally, dedicated to on-chain organizational governance infrastructure, announced the completion of $8 million in Series A funding. This round was led by AppWorks, Blockchain Capital, and 1kx, with follow-on investments from Cyberfund, Placeholder, BitGo, and Bloccelerate. The funds will be used to expand its infrastructure platform that covers the entire on-chain economy.

Tally: A comprehensive platform from DAO tools to on-chain organizations

Tally initially started as a DAO governance tool, but after several years of evolution, it has now become the most widely adopted on-chain organization management software on Ethereum and Solana. Its services cover first-tier protocol projects, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane.

Tally's features span from governance voting to fund management, covering almost all stages of on-chain organizational operations. CEO Dennison Bertram stated: "The future of organizational software is composable, transparent, and fully on-chain. We want to be the software layer for on-chain organizations, fully supporting their growth from token issuance, governance to staking appreciation."

Over $1 billion in assets circulated through Tally

Tally currently has hundreds of thousands of users who have initiated projects, managed assets, and participated in governance through its platform. According to statistics, the assets managed and transferred by users through Tally have exceeded 1 billion dollars.

The three major product modules of the platform correspond to different development stages of on-chain organizations:

Launch Phase: Assist in token issuance, governance rights allocation, and guide users online.

Operate Operation Stage: Provide treasury management, smart contract upgrades, and fund allocation tools

Grow Growth Stage: Through a composable staking mechanism, help the protocol token achieve value accumulation.

Investors are optimistic that on-chain governance will drive the next wave of tokenization revolution.

One of the lead investors, AppWorks partner Ching Tseng, stated: "Tally is a benchmark for on-chain organizational infrastructure. We believe they have the technical strength and vision to become the core software layer of the future token economy."

Peter Pan from 1kx pointed out that Tally has withstood the test of multiple market cycles and continues to insist on creating a comprehensive product line that covers core functions such as governance voting, treasury management, and fee sharing. Since its establishment, 1kx has participated in every round of financing for Tally.

Artem Kotelskiy from CyberFund also stated that Tally demonstrates a deep understanding of the on-chain organizational ecosystem and has designed diverse operating interfaces for different roles, such as token holders, governance representatives, and service providers. With the acceleration of the tokenization trend, Tally has the potential to become the core platform of the next wave of crypto expansion.

On-chain organizational infrastructure is maturing.

Tally's latest round of financing is not only a recognition of its strength by capital but also indicates that the field of "on-chain organizations" is rapidly moving towards standardization and systemization. As more non-native crypto applications join the blockchain economy, foundational platforms like Tally may become the "Microsoft" of the future Web3 world.

This article Tally completed 8 million dollars in Series A funding, accelerating the construction of on-chain organization infrastructure. It first appeared in Chain News ABMedia.