Colony
Decentralised Finance for Teams
- 1-20 employees
- B2B
- Cryptocurrency
- Sharing Economy
- Social
- SaaS
- Blockchain
- Community
- Web 3.0
- George Town, George Town
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Company mission
To make it easy for people all over the world to build organisations together, online.
Our take
As Decentralized Autonomous Organisations (DAOs) become more common, there is a need for more tools and infrastructure to help them work and succeed. Colony is delivering this, as a protocol for self-organizing teams to collectively manage money, make decisions, and receive compensation.
Where a typical organization would store its rules for things such as seniority and ownership in documents, Colony allows DAOs to encode their rules in smart contracts deployed on Ethereum. This approach has the ideals of decentralization at its core – being trustless, open, and meritocratic. Users simply deploy the smart contract that will serve as the organization’s foundation. Then, people can join by invitation or application and contribute to projects, earning reputation tokens in return that impact both their budget and voting power.
The company has collected a range of use cases since launch, and boasts a roadmap of further development in areas including scalability and privacy. With the adoption of DAOs continuing to rise, Colony has positioned itself well to stand out as a strong option in the space and hopefully establish itself as an early leader.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 100% remote work environment (European time-zone preferred)
- Complete internal financial transparency
- Open and inclusive decision-making processes
- Positive, non-hierarchical culture with focus on meaningful work
- Flexibility in working hours, prioritising quality work output
- Laptop policy with 50% contribution towards your own device
- Coworking space budget
- UBB (Universal Basic Budget) of £1200 for personal development, education, software, getting together with colleagues, conferences, etc
- Token allocation
Funding (1 round)
Sep 2021
$12m
SEED
Total funding: $12m
Leadership
Jack du Rose
(Founder)CEO at Colony, and a Mentor with Outlier Ventures. Jack is a former jewellery designer best know for designing Damien Hirst's $100m diamond encrusted skull "For the Love of God".