According to Fortune, crypto venture capital firm dao5 has completed a $222 million second fundraise. Its previous first fund of $125 million was fully invested in crypto startups, including Layer-1 blockchain Berachain and decentralized AI project Bittensor. dao5 was founded in 2022 by former Polychain investor Tekin Salimi. He stated that the new fund's capital comes from approximately 15 LPs, mainly family offices and high-net-worth individuals. The first fund has already achieved a 1x DPI (distributed to investors). The new fund will focus on institutional applications such as stablecoins and asset tokenization. https://t.co/wPH0VhkU9o

Crypto venture capital DAO5 has raised 222 million USD for its second fund.

Thailand International Digital Business & Finance Centre (TIDC) today announced the appointment of Tekin Salimi and Rushi Manche as advisors to the center. Tekin Salimi is the founder of dao5. Rushi Manche is the co-founder of Movement Labs. https://t.co/WPOJs3YyeD

10Planet is the AI Data Attribution Layer.https://t.co/9c8EPy4RQC & https://t.co/J4fbOE3bkD (@deva_dot_me) is a full-stack approach to building the layer one blockchains, smart contracts, and AI-DApps to create integrated infrastructure, incentives, & UX/UI to attribute and award contributions to AIs & AI economies (such as submitting training data).Core Contributors are the former founders/CEO and repeat team from TrueUSD, TrueFi, Canto, & Quantstamp.Individuals in the 10Planet & Deva Round:Kyle Samani (Multicoin MP), Paul Veradittakit (Pantera MP), Alex Pack (Hack MP), Saurabh Sharma (Jump Capital GP), Tekin Salimi (dao5 GP, prev Polychain GP), Dovey Wan (Primitive MP), Kevin Ding (DHVC MP), Yida Gao (Shima MP), Kevin Hu & Ashwin Ramachandran (Brevan Howard MPs, prev Dragonfly Capital GPs), Spencer Noon, Jesse Cohen (Hudson River Trading Algo), Yat Siu, Simon Doherty, Adrian Lo (Animoca), Will Wolf (prev. Polychain GP), Thomas Bailey (Road Capital MP), Alex Shin (prev Hashed GP), JK (DCG), John Fiorelli (Kenetic), Terry (prev 1kx), Jed Breed (Breed MP, Circle), Phil & Fran (Plaintext Capital MPs), Zaki Manian (Founder Sommelier), Lily Liu (Founder Anagram, President Solana), Eunice Giarta (Monad Founder), Chandler Song (ankr Founder), Michael Heinrich (0G Labs Founder), Lior Messika (Eden Block MP), Sandy Peng (Scroll L2 Founder), Hart Lambur (UMA, Across Founder), Ben Fielding (Gensyn Founder), Matt Liu (Origin Founder), https://t.co/nCMHakJpZz Cofounders (Sean, Jaemin, Arthur), Jose Macedo (Delphi Founder), Stefano (Bitscale MP), John Pfeffer, Jared Hutchings, Lincoln Gomes & Kamran Amin (MH Ventures), Richard Ma & Quantstamp, 0xMert_ (Helius Founder), Magmar (Skip Founder), Tyler Tarsi (Omni Founder), Jay Jog (Sei Founder), Konstantin & Vasiliy (Lido, p2p, Cyber Fund Founders), @ashcrypto, @paikcapital, @ivangbi_, @cryptocito, @dingalingts, @TheCryptoDog @krugermacro; over hundred investors, governors, creators.

Nectar AI completes $3.90 million in financing, led by Mechanism Capital.

Nectar AI Secures $3.9 Million in Funding to Advance Web3 AI Companions

AI cloud service provider Hyperbolic announced the completion of a $7 million seed round financing, with Polychain Capital and Lightspeed Faction leading the investment.

POLYCHAIN, DCG, and DAO5 hold hundreds of millions of dollars in TAO tokens.

Polychain, DCG, and DAO5 Hold Significant Investments in TAO Tokens

Venture Capital Firms Invest Heavily in AI-Crypto Project Bittensor

ROOT PROTOCOL has completed a seed round of financing of 10 million US dollars, reaching a valuation of 100 million US dollars.

Root Protocol Raises $10M in Seed Funding Led by Animoca Brands, Valued at $100M