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Overview
Utopia Labs provides a SaaS platform for payroll and expense management tailored to DAOs. It automates payroll and supports paying contributors in fiat or cryptocurrency, while tracking expenses and generating financial reports. The platform integrates with Gnosis Safe multisig wallets to keep governance and approvals in one place, enabling on-chain payments and transparent accounting. Its goal is to help DAOs run finances and operations more efficiently and transparently, with a roadmap to expand on-chain payments across the ecosystem.
About Utopia Labs
Industries
Enterprise Software
Fintech
Crypto & Web3
Company Size
1-10
Company Stage
Early VC
Total Funding
$26.1M
Headquarters
null
Founded
2021
Simplify's Take
What believers are saying
- Raised $23M Series A from Paradigm in May 2022 to expand tools.
- Acquired by Coinbase to integrate with Base for onchain payments.
- Co-founder Pryce Adade Yebesi bridged crypto-traditional payments.
What critics are saying
- Coinbase acquisition shut down services by November 2023.
- Gnosis Safe captures users with native wallet features.
- Safe{Labs} integrates payroll natively, displacing Utopia in 12 months.
What makes Utopia Labs unique
- Utopia Labs automates DAO payroll and expenses via Gnosis Safe integration.
- Provides live analytics for onchain treasury transparency and reporting.
- Supported by DAOs like FWB, Sushiswap, and PleasrDAO for payments.
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Funding
Total Funding
$26.1M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health and wellbeing - We offer top-of-the-line benefits, including health, mental health, dental, and vision insurance.
Time off - We want people to take time off to rest and rejuvenate. We offer a 3 week paid vacation as well as 10 observed holidays by country.
Parental leave - Our parental leave policy offers biological, adoptive, and foster parents paid time off to spend quality time with family.
Lunch on us - You'll have a very generous meal budget for you to eat every day.
$1000 Bonus for joining our “investment club” on Syndicate - New hires get a $1000 bonus for joining our investment club for tokens + NFT’s!
Join a DAO on us! - New hires also get a 500 USDC bonus towards joining a Token or NFT DAO of their choice!
Commuting - We offer monthly commuter credits.
Company News
Going forward, the Utopia Labs team will integrate with the Base team.
Coinbase has acquired Utopia Labs, a stablecoin payment processor, to enhance onchain payments within Coinbase Wallet and Base, its Layer 2 network. Despite Utopia Labs announcing it will wind down services by November 6, 2023, CEO Kaito Cunningham clarified this is a strategic shift, not a shutdown. The partnership aims to enable low-cost, fast, global payments, leveraging Utopia Labs' expertise in onchain payment infrastructure.
Utópika Labs, el conscious venture builder fundado por Borja Vilaseca para transformar el sistema educativo
Utopia Labs co-founder Pryce Adade Yebesi, 23, raised $23M to bridge the gap between crypto and traditional payment systems.
Utopia Labs, a payroll and expense management system built to integrate directly with multisig crypto wallets, announced on May 29 that it had closed a $23 million Series A funding round led by Paradigm.
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About Utopia Labs
Industries
Enterprise Software
Fintech
Crypto & Web3
Company Size
1-10
Company Stage
Early VC
Total Funding
$26.1M
Headquarters
null
Founded
2021
There are no jobs for Utopia Labs right now.
Find jobs on Simplify and start your career today