GitPOAP Raises $4.28 Million in Seed Round

by Kay Aloha Villamor in August 22nd, 2022

GitPOAP, a Boston, MA-based contributor recognition platform that provides software projects with a novel way of recognizing and nurturing their communities through POAP issuance on Github, announced that it has closed $4.28 million in seed funding.

The round was co-led by Inflection.xyz and Libertus Capital, with participation from major players including Avalanche VC, Protocol Labs, and POAP.

Angel investors, including former CTO of Coinbase and General Partner at a16z Balaji Srinivasan, POAP Founder Patricio Worthalter, and industry names Anthony Sassano, Superphiz, and Mariano Conti, amongst others, also participated in the round.

GitPOAP will use the seed funding to grow its team, onboard more projects, and build deeper integrations to bring value and utility to the GitPOAP ecosystem.

Company: GitPOAP

Raised: $4.28M

Round: Seed Round 

Funding Month: Aug 2022

Lead Investors: Inflection.xyz and Libertus Capital

Additional Investors: Avalanche VC, Protocol Labs, POAP, Balaji Srinivasan, Patricio Worthalter, Anthony Sassano, Superphiz, and Mariano Conti

Company Website: https://www.gitpoap.io/

Software Category: Contributor Recognition Platform

About the Company: GitPOAP is a contributor recognition platform that integrates POAP issuance into GitHub. It bridges the space between existing off-chain contribution platforms such as GitHub and the on-chain world of DAOs & decentralized identity through the representation of meaningful contributions as POAPs. This provides software projects, and eventually many more types of organizations, with a novel way of recognizing and nurturing their communities. At the same time, contributors can showcase this socially-sourced, immutable record of their work, build networks, & develop a web3 representation of their identity. GitPOAP will use this foundation to power an ecosystem of reputation-based applications. GitPOAP is dedicated to bringing people's professional reputations on a chain by bridging the space between existing off-chain contribution platforms such as GitHub and the on-chain world of DAOs and decentralized identity.

Source: https://www.prnewswire.com/news-releases/gitpoap-raises-over-4-2-million-usd-in-seed-funding-to-memorialize-professional-contributions-and-accomplishments-as-blockchain-based-badges-301608123.html





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