BlockBeats News, May 1st, According to Fortune report, cryptocurrency-focused venture capital firm dao5 has raised $222 million for its second fund.
It is reported that dao5, founded by crypto VC giant Polychain alumnus Tekin Salimi in 2022, had previously raised a $125 million debut fund and has already deployed it all into crypto startups, including Layer 1 blockchain Berachain and decentralized AI project Bittensor.