Merit Systems is building an attribution protocol for open-source projects that tracks developers’ contributions and rewards them proportionally. The protocol adds rich attribution information to version control systems like GitHub to allow capital sources to route funds to codebases and incentivize builders directly. Merit aims to create a more sustainable economic model for open-source software by moving away from reliance on volunteer contributions or corporate backing. Founders Ryan Sproule, Sam Ragsdale, and Mason Hall have backgrounds at Blockchain Capital and Andreessen Horowitz’s investment teams. Financially, the company announced a $10 million seed raise at a post-funding valuation of $55.5 million.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2025