{"id":48640,"date":"2021-08-31T17:55:13","date_gmt":"2021-08-31T14:55:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48640"},"modified":"2025-09-02T03:15:44","modified_gmt":"2025-09-02T00:15:44","slug":"andreessen-horowitz-leads-20-million-investment-round-for-defi-project-syndicate","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/andreessen-horowitz-leads-20-million-investment-round-for-defi-project-syndicate\/","title":{"rendered":"Andreessen Horowitz Leads $20 Million Investment Round for DeFi Project Syndicate"},"content":{"rendered":"<p>The DeFi project Syndicate raised $20 million in a Series A round, led by Silicon Valley&#8217;s leading venture firm Andreessen Horowitz (a16z).<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We&#8217;re excited to announce the next major step in bringing our revolutionary protocol for investing to communities around the world.<\/p>\n<p>To realize our important yet complex mission, we&#8217;ve raised $20m from 150+ investors, founders, operators, and creators.<a href=\\\"https:\/\/t.co\/i9fejd394z\\\">https:\/\/t.co\/i9fejd394z<\/a><\/p>\n<p>\u2014 Syndicate Protocol \u273a (@SyndicateDAO) <a href=\\\"https:\/\/twitter.com\/SyndicateDAO\/status\/1432705977720217612?ref_src=twsrc%5Etfw\\\">August 31, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The round included more than 150 investors, including Coinbase Ventures, Table Management by Bill Ackman, Alexis Ohanian, Ashton Kutcher, and Snoop Dogg Ventures.<\/p>\n<p>The team will deploy the funds to accelerate development of technologies built around decentralized autonomous organizations, integrate with Web3 projects and fintech startups, and support various communities.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cOver the next decade, investing will be decentralized, democratic, and governed by the community. Syndicate is building the infrastructure to scale this,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>According to the press release, founded in 2021, Syndicate aims to unite a decentralized protocol with a social network to \u201cchange how the world creates and distributes value.\u201d<\/p>\n<p>Earlier<a href=\"https:\/\/u1f987.com\/en\/news\/a16z-outlines-principles-for-delegating-governance-of-defi-protocols\"> a16z revealed the principles of delegation of governance<\/a> for DeFi protocols. The firm argues that giving voting rights to stakeholders can increase decentralization.<\/p>\n<p>As reported<a href=\"https:\/\/u1f987.com\/en\/news\/polychain-capital-leads-22-million-funding-round-for-defi-protocol-parallel-finance\"> the DeFi protocol Parallel Finance on Polkadot<\/a> attracted $22 million in investments at a $150 million valuation.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers of the DeFi project Syndicate raised $20 million in a Series A round, led by Silicon Valley&#8217;s leading venture firm Andreessen Horowitz (a16z).<\/p>\n","protected":false},"author":1,"featured_media":48641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[848,1093,1133],"class_list":["post-48640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-andreessen-horowitz","tag-defi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48640"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48640\/revisions"}],"predecessor-version":[{"id":48642,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48640\/revisions\/48642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48641"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}