Web3 Payroll Solution Rise Works Closes $3.8 Million Seed Round

Rise Works, a Web3-enabled payroll and compliance solution, closed a $3.8 million seed round led by Sino Global Capital and Polymorphic Capital, with participation from HashKey Capital, Paradigm Shift Capital, Draper Associates, WW Ventures, P2P Validator, Cosmo Capital, and others. The funds raised will be used to expand the team, increase product offerings, expand the business, and pursue strategic partnerships and developments to drive further growth.

The US-based startup works with DAOs, including the crypto staking protocol Lido, as well as a number of other types of decentralized organizations looking to compensate their personnel via digital assets.