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Crypto venture firm dao5 has closed its second fund at $222 million, more than doubling its debut fund of $125 million. Founded in 2022 by Polychain alum Tekin Salimi, dao5 has invested in blockchain and AI projects including Berachain and Bittensor. The new fund is primarily backed by family offices and high-net-worth individuals and will focus on institutional applications such as stablecoins and asset tokenization. Dao5 aims to nurture institutional interest in cryptocurrencies and plans to transition into a decentralized autonomous organization. The firm’s first fund was fully deployed into crypto startups, emphasizing layer-1 blockchain and AI protocols.
- 30 projects collectively raised $132 million this week. - Circle said no to Ripple's $5b - Dao5 raised $222M for Fund II - Re7 raised $10M for a SocialFi Fund - @EtherFi Ventures raised $40M for Fund I Follow @immutablejacob for daily venture insights ⬇️ https://t.co/PapfLbMwP0
Top 5 Crypto Fundraising Rounds this week 👇 @campnetworkxyz - $25M at a $400M valuation > Purpose-built L1 blockchain for powering AI agents trained on user-owned IP > @1kxnetwork, @blockchaincap, & @OKX_Ventures @0xMiden - $25M > ZK-enabled L1 spun out from @0xPolygon, which https://t.co/BTCW0VMA2N
aZen $1.2M Seed Round⚡️ 📑 About: @azen_protocol is a decentralized infrastructure for ubiquitous computing. 🤝 Investors: @waterdripfund (Lead), @DWFVentures, @MindfulnessCap, @depin_x, @ODIGco, @quantumleaplab, and others 👉 https://t.co/V4ei5ltaUW https://t.co/PWwqvp4Cbu
