Denver, USA-based member-owned platform that uses blockchain to provide employment infrastructure for independent workers, Opolis raised USD 6.6 million in Bridge funding. The round took place on July 13, 2023. Berlin-based European crypto investment firm Greenfield led the financing for the firm. Meanwhile, notable entities, such as the NEAR Foundation, Draper Associates, and Polygon Ventures, joined in the funding.
Purpose of financing for Opolis
With the latest funding, Opolis intends to scale the business and implement a more frictionless user experience. It seeks to focus on feature enhancements such as improved information accessibility, specifically accounting data, tax reporting details, and health insurance information.
John Paller, Executive Steward of Opolis, said, “At Opolis, we’re creating a radically new workplace structure and empowering independent workers to dream bigger than a traditional 9-to-5 career. We’re obsessed with creating the best possible experience for our Members, and thanks to the support of Greenfield and our other aligned investors, we’re now able to dial in our proof of scale for the long game.”
What the investors have to add
Felix Machart, Partner at Greenfield, further added, “Opolis represents a new paradigm for employment: regenerative (ReGen) employment. One where mutualistic outcomes prevail for workers and the clients, communities or projects they serve. We believe the team is best suited to accomplish its mission to build the future of work: John Paller, with over 20 years of experience in HR tech and founder of ETHDenver, along with his colleague Eddie Pastore, a seasoned professional in the payroll industry. Hence, we are very excited to support Opolis on this journey.”
Tim Draper, Founder of Draper Associates, further said, “Opolis stands at the nexus between the evolution of work and next-generation technologies. With millions of workers exiting the ‘traditional office,’ Opolis fills the need for a platform that serves these workers with amazing services that historically were only available to workers in the old economy.”
Marieke Flament, CEO of the NEAR Foundation, said, “Opolis is using web3 technology to provide much-needed solutions for a changing workforce that is increasingly characterized by fractionalized, decentralized, and remote work. We are excited to play a part in their journey and believe that their technology has the potential to deliver real value for millions of workers by democratizing access to career development regardless of geography.”
About the company
In 2015, Founders: John Paller and Matthew Brady launched the company. Opolis is a member-owned digital employment platform that uses blockchain technology to supply tools that independent workers can use to manage their employment benefits, payroll, and shared services.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
