Synthesis Institute, known for its wellness retreats and psychedelic practitioner training, has closed a $7.25 million Series A funding round, becoming the first psychedelic startup to adopt
and raise funds as a Steward-Ownership organization.
The new self-governance structure instills safeguards to ensure that company profits primarily serve a defined purpose, rather than accruing to the founders and investors. The structure also means that Synthesis founders, investors and team members (stewards) are held accountable to the company’s mission and social impact.
Like conventional startup owners, stewards hold control over the company's direction. However, unlike traditional ownership models, stewards also commit to …