The provider of on-chain fund management solutions for DAOs, Karpatkey, announced the completion of a $7 million financing round, with participation from AppWorks Ventures and Wintermute Ventures. The new funds will be specifically used to expand Karpatkey's service offerings to more DAOs and accelerate its expansion into traditional financial institutions. Karpatkey was launched within GnosisDAO in 2021 and became an independent entity earlier this year after a vote by the former to spin off the on-chain financial manager into an independent entity. (The Block)