Crypto venture capital firm DAO5 completes $222 million second fund raising

On May 1st, the crypto venture capital agency dao5 announced the completion of the second phase of the $222 million fund, with the main investors being family offices and high net worth individuals. The agency was founded in 2022 by former Polychain investment partner and corporate lawyer Tekin Salimi. Its first $125 million fund has been fully invested in Berachain, Bittensor and other projects. At present, the DPI (return on paid-up capital) has doubled. The new fund will focus on institutional application directions such as stablecoins and asset tokenization, and plans to invest in 15-20 early-stage projects. Salimi has participated in major crypto projects such as Avalanche, and its first fund LP and angel investor George Lambeth will be promoted to general partner.