Tally Completes $8 Million Series A Financing Led by Renowned Domestic VC AppWorks
(Background: On-chain treasury management platform Karpatkey completed a $7 million financing round, with participation from AppWorks and Wintermute)
(Background Information: AppWorks Demo Day #28 Debuts: Blockchain + AI Breaking Social Isolation, Assisting Enterprises in AI Transformation, Tapping into a Market 28 Times Larger than Taiwan)
This article is a press release written and provided by Tally, and does not represent the views of Dongqu.
Tally, a leading on-chain organization software platform, today announced the completion of an $8 million Series A financing round, led by AppWorks, Blockchain Capital, and 1kx, with participation from Cyberfund, Placeholder, BitGo, and Bloccelerate, to expand its comprehensive infrastructure for the on-chain economy.
Tally provides infrastructure for numerous leading organizations, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, Hyperlane, and many other well-known protocols. The platform initially started as a DAO governance tool and has evolved into the most widely adopted software stack for on-chain organizations on Ethereum and Solana.
“The future of organizational software is composable, transparent, and on-chain,” said Dennison Bertram, CEO of Tally. “This funding allows us to accelerate our mission to become the software layer for on-chain organizations — driving token issuance, protocol governance, and growth through staking.”
Tally’s platform currently serves hundreds of thousands of users who have joined through its issuance tools. In total, these users have utilized Tally’s infrastructure to transfer over $1 billion in assets. The company’s product suite supports every phase of the on-chain organization lifecycle:
- Issuance: Users join, issue tokens, and allocate power
- Operations: Treasury management, smart contract upgrades, and funding important projects
- Growth: Value accumulation through composable staking extensions
“We invested in Tally because they have clearly set the standard for on-chain organization infrastructure,” added AppWorks partner Zeng Yiqing.
“Their impressive growth trajectory, technical expertise, and widespread adoption indicate that they have a unique advantage to capture the opportunities presented by the expanding on-chain economy. As tokenization extends from crypto-native applications to new realms like real-world assets, Tally’s team possesses the vision and execution needed to build the foundational software layer for that future.”
“Tally’s hard work and focused culture have been honed under multiple cycles and pressures,” added Peter Pan of 1kx. “This has allowed them to stand out as a market leader in the on-chain organization ecosystem, with products covering all aspects from voting and treasury management to token fee sharing. 1kx has participated in every funding round since our inception, and we are honored to continue being a supporter.”
“Tally’s products and their development clearly demonstrate Dennison and the team’s deep understanding of on-chain organizations and their needs,” added Artem Kotelskiy of CyberFund.
“They have built a sophisticated platform capable of catering to the needs of various roles: token holders, delegators, service providers, and more. Strong organic growth, combined with readiness to seize new products that capture the tokenization trend — this is why we firmly believe and have decided to bet on Tally becoming the leading software layer, especially during the next major expansion phase of cryptocurrency.”
About Tally
Tally is the software layer for on-chain organizations. Tally has built the most widely adopted infrastructure for token issuance, protocol governance, and growth through staking. The platform currently serves hundreds of thousands of users who have joined through its issuance tools. In total, these users have utilized Tally’s infrastructure to transfer over $1 billion in assets. For more information, please visit www.tally.xyz.
