Overview

• Dao5, founded by former Polychain partner Tekin Salimi, has closed a $222 million second fund focused on institutional and government blockchain use cases.
• The new fund raises the firm's total assets under management to $550 million, signaling continued confidence in crypto venture funding despite market challenges.
• Key investment areas for the fund include on-chain public infrastructure, novel stablecoin systems, and state-sovereign artificial intelligence.
• George Lambeth, a crypto angel investor and LP from dao5's first fund, has joined the firm as a general partner to support its expansion.
• Dao5 plans to transition into a decentralized autonomous organization (DAO) later in 2025, reflecting the industry's shift toward decentralized governance models.