dao5 has completed the fundraising of 220 million USD encryption fund, focusing on institutional application direction.

GateNewsBot

2025-05-01 13:13:46

TAO-6,99%

According to the Gate.io News bot, the crypto venture capital firm dao5 has completed the second phase of its fund raising, totaling $222 million, as reported by Fortune. The firm was founded in 2022 by former Polychain investor Tekin Salimi.

The first phase of the $125 million fund by dao5 has been fully invested in encryption startups, including the Layer-1 blockchain Berachain and the decentralized AI project Bittensor. Tekin Salimi revealed that the first phase fund has achieved a 1x DPI, completing the return of the invested principal.

The new fund attracted about 15 limited partners to participate, mainly from family offices and high-net-worth individuals. The fund will focus on investing in institutional applications such as stablecoins and asset tokenization.

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