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Colony

Decentralised Finance for Teams

Colony logo
1-20 employees
  • B2B
  • Cryptocurrency
  • Sharing Economy
  • Social
  • SaaS
  • Blockchain
  • Community
  • Web 3.0
George Town, George Town

Company mission

To make it easy for people all over the world to build organisations together, online.

20% female employees

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 headshot

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

Company values

  • Insight: Our solution is based on a special understanding of our users’ needs. Colony is the distillation of years of experience running effective distributed organisations. Our tools are designed to make that expertise accessible and actionable for our users.
  • Effectiveness: We are excellent at the job our customer is "hiring" us for. Colony is laser-focused on building effective tools for distributed teams to manage money. We are doing it wrong if our tools are not making it easier, cheaper, or faster to start and run a real organisation.
  • Dependability: Colony is critical infrastructure for our users' organisations. Infrastructure should be impartial and reliable. It shouldn’t be possible to take it away or change the rules to your disadvantage. That’s why Colony is built on blockchain technology.
  • Optimism: We embody the positivity inherent to entrepreneurialism and reinforce it in our systems. Entrepreneurship is a leap of faith: a belief in the possibility of making something better. Colony enables that belief, making it easier for dreamers to become doers.
  • Empowerment: We democratise organisational creation and operation, extending opportunities to traditionally underserved or impractical contexts. Colony doesn't just make organisations easier; it makes them possible where they previously weren’t.

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".

Diversity, Equity & Inclusion at Colony

  • One of Colony’s founding principles is the insight that talent is distributed, but opportunity is not.
  • Not only do we believe that it does not matter who you are, where you are from, the colour of your hair, or who you love, but we believe it with such conviction that we have baked it into the very fabric of our product: our entire platform operates under the assumption of pseudonymity

Endorsements

All

Autonomy (3)

Meaningful work (2)

Intelligent people (2)

Fair compensation (2)

Challenging work (1)

Open and honest communication (1)

Focus on employee wellbeing (1)