The DAO accelerator Seed Club has established a venture capital division, Seed Club Ventures, with a fund size of 25 million USD

2023-03-21 23:24:19

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ChainCatcher news, according to Techcrunch, the DAO-focused accelerator project Seed Club has launched its venture capital division with $25 million in funding. This capital will be deployed over the next few years into pre-seed and seed-stage projects, building infrastructure, applications, and tools for DAOs and open communities, with checks ranging from $100,000 to $1 million.

One of the co-founders of Seed Club Venture, Anthony Avedissian, stated that the venture capital division has been "quietly investing" since Q3 2021, supporting projects such as Guild, Stability AI, Lens, and Metalabel. It has 63 members, including crypto venture firms like Multicoin Capital, Delphi Digital, and Dragonfly Capital, as well as family offices, traditional venture capital firms, and corporations. However, he added that about half of the members are individuals from the crypto space. (source link)

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