The crypto venture capital dao5 has raised $222 million for its second fund

ChainCatcher news, according to Fortune, the cryptocurrency-focused venture capital firm dao5 has raised $222 million for its second fund.

It is reported that dao5 was founded in 2022 by Tekin Salimi, an alumnus of the crypto venture capital giant Polychain. Previously, it raised $125 million for its inaugural fund, which has been fully deployed into crypto startups, including the Layer 1 blockchain Berachain and the decentralized AI project Bittensor.