Smart contract governance platform Llama raises $6 million in seed funding

Quick Take

  • Smart contract governance platform Llama raised $6 million in seed funding.
  • Founders Fund and Electric Capital led the round, with additional participation from Stani Kulechov, Sandeep Nailwal, Elad Gil, and more. 

Smart contract governance platform Llama raised $6 million in seed funding. 

Venture capital firms Founders Fund and Electric Capital led the round, which had additional participation from Aave founder Stani Kulechov, Polygon co-founder Sandeep Nailwal, Twitter former vice president of corporate strategy Elad Gil, Stripe president of product and business Will Gaybrick, Coinbase protocol specialist Viktor Bunin, Anchorage Digital co-founder and CEO Nathan McCauley, Zeitgeist's Sina Habibian, Amplify Partners, Reverie and FJ Labs

The firm plans to hire more engineers and pay for infrastructure costs using the fresh funds, Llama co-founder Shreyas Hariharan told The Block.

Access control

Llama offers smart contracts full-stack governance and access control for better security and efficacy, encoding roles, permissions and execution strategies for on-chain actions, it wrote in a statement.

"In Llama, decentralization is achieved through access control. Each governance participant is granted the minimum amount of power to perform the function they are best suited to do," Hariharan said in a statement. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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