TLDR:
- Contango Digital Assets has closed the first half of its $10M Blockchain x AI Seed Fund at $5M
- Investors include key figures from the tech venture capital industry
Contango Digital Assets, a venture capital firm based in Toronto, Canada, recently announced the first closing of its Contango Blockchain x AI Fund at $5 million. The fund, which has a total target of $10 million, aims to invest in startups at the intersection of blockchain technology and artificial intelligence.
Key investors in the fund include the CEO of Quantstamp, the CFO at SingularityNet, the CEO at WonderFi, a GP from X Ventures, early LPs in Digital Currency Group and Polychain Capital, and investors from VANTA DAO. These investors bring a wealth of experience and expertise in the tech venture capital industry, which will be instrumental in guiding the fund’s investments and supporting the growth of the portfolio companies.
The closing of this fund signals a strong interest in the potential of blockchain and AI technologies to disrupt various industries and create new opportunities for innovation. With half of the fund already secured, Contango Digital Assets is well-positioned to make strategic investments in promising startups that are leveraging these technologies to drive meaningful change.
For more information about Contango Digital Assets and their latest fund, you can visit VCWire.tech, their dedicated website for tech venture capital news. This first closing of the Contango Blockchain x AI Fund is a significant milestone for the firm and sets the stage for future investments in the rapidly evolving tech landscape.
