Common: Raises $20M In Funding

May 20, 2022

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Common Raises $20M In Funding

Common, a NYC-based community management platform for DAOs, raised a $20M funding round
Backers included Spark Capital, Polychain, and a group of strategic investors
The company intends to use the funds to expand end-to-end functionality and decentralize the platform
The company is an all-in-one platform for on-chain communities to discuss, vote, and fund projects together
Users can create a DAO and deploy governance contracts without coding
From there they can utilize crypto-native forums and chat to discuss new ideas