Upside, a Sydney, Australia-based Web3 focused Investment Decentralised Autonomous Organisation, raised $5M.
Upside DAO is comprised of some of Australia’s Web3 founders and contributors, including organisations such as Apollo Capital, Banxa, Caleb & Brown, FTX Australia, Ren Protocol, Synthetix, Chainflip, and ZedRun. The DAO also includes industry specialists such as Mike Bacina, Luke Bortoli, and Chloe White.
Led by Kyall Walker, Co-Founder and GM, Upside is not a traditional investment fund. It has been established as a DAO, which means investment decisions and advisory for portfolio teams are coordinated by the members.
It launches publicly with its portfolio of early investments under its belt across DeFi, Web3 tools, infrastructure, Metaverse and GameFi.
Initial investments include:
- Reservoir – a developer platform that enables next-generation NFT products to be delivered to market.
- PrePO – a decentralised synthetic assets exchange allowing anyone, anywhere to gain exposure to any pre-IPO company or pre-token crypto project
- Mirror Planet – a rich metaverse world overlayed onto real streets and buildings using Google Maps
- Astro Lab (France) – next generation yield farming using automated, multi-chain strategies
FinSMEs
26/10/2022