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Otterspace - Seed
Overview
About Otterspace - Seed
NFT startup Otterspace has raised $3.7 million to build a protocol and application that it hopes can reduce financialization in web3. The seed round was co-led by venture firms Cherry Crypto and Inflection, with Bessemer Venture Partners and Coinbase Ventures participating. Otterspace was valued at $20 million after the round closed in May.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Germany | 2013 | 17 | -- | ||
| Fund | -- | -- | 17 | contact@inflection.xyz | ||
| Fund | United States of America | 1911 | 14 | businessplans@bvp.com | ||
| Fund | United States of America | 2018 | 288 | -- |
Founders & Team
Rahul Rumalla
Emily Furlong
Company Profile / Project Introduction
Otterspace’s non-transferable badge protocol helps DAOs create better incentive systems, automate permissions and enable non-financialized governance.
Otterspace's application allows decentralized entities to reward participation and assign roles through NFT badges, which are earned through a specific behavior. These can grant holders privileges such as increased sway on governance proposals, access to Telegram and Discord spaces, and even a form of a salary.