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According to Deep Tide TechFlow news, on May 1, Fortune exclusively reported that the blockchain-focused venture capital firm dao5 recently completed a $222 million second-phase fundraise, with the main investors being family offices and high-net-worth individuals.
According to reports, dao5 was founded in 2022 by Tekin Salimi, a former Polychain alumni and a giant in crypto venture capital. It has previously raised a $125 million initial fund, which has been fully deployed into crypto startups, including the Layer 1 Blockchain Berachain and the decentralized AI project Bittensor.