Seed Club Ventures Emerges With $25M to Back DAOs
The investor collective, also organized as a DAO, includes noted crypto firms Multicoin Capital, Delphi Digital and Dragonfly.
Seed Club Ventures has emerged from stealth with $25 million committed to investing in decentralized autonomous organizations (DAO). Organized as a DAO, Seed Club plans to back projects in the earliest stages of development.
The venture community includes more than 60 investment firms and angel investors, including Multicoin Capital, Delphi Digital and Dragonfly.
“We see the current growth of internet-native organizations as the next step in the evolution of human coordination. We are excited to support the founders who are building the tooling that will serve as the foundation for these types of organizations,” wrote the Seed Club Ventures team in the announcement post. “And, as we continue to build the infrastructure, we also look to emergent use-cases and applications in verticals where crypto-native tools and principles can be applied, including science, art [and] music, social, and artificial intelligence.”
Key verticals of interest include artificial intelligence (AI), art and music, social applications, decentralized science, and decentralized cities. The Seed Club Ventures team told TechCrunch that the capital will be invested over the next couple of years with check sizes having a wide range of $100,000 to $1 million.
Read more: What Is a DAO?
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