Dework raised $5 million in a seed funding round co-led by Paradigm and Pace Capital.

Dework, a Stockholm, Sweden-based crypto startup developing a tool dubbed as a combination of Trello and LinkedIn for Web 3, raised $5 million in a seed funding round.

The money was raised from investors co-led by Paradigm and by the early-stage venture capital firm Pace Capital, joined by Balaji Srinivasan, ex-CTO at Coinbase, Sandeep Nailwal, co-founder of the Polygon crypto platform, Adam Jafer and Fredrik Hjälm (both co founders at Voi).

The fresh capital will help Dework expand from its current three-person core team and several contributors, founder and told CoinDesk in an interview.

Dework, founded in 2021 by CEO Lonis Hamaili and David Fant, is working for the development of a job marketplace for web3 gig workers who primarily work with technology that revolves around the crypto and the blockchain. The marketplace is described by the company as a Web 3-native collaboration tool helping decentralized autonomous organizations (DAOs) organize internal and external teams, manage tasks and bounties in a transparent way, and help new members get started. The company also says that the tool is already in use by some 11,000 users, from companies including CityDAO, OpenDAO and PolygonDAO.

Dework previously raised a pre-seed round at the end of 2021.