Contango Digital Assets, a leading blockchain venture capital firm, has closed its seed round on $1.2m.
To date, Contango has deployed over $7 million to support 50+ Web3 teams and is on track to at least double that figure in 2023.
The seed round has sparked excitement from an assortment of investors, seeing participation from Family Office, Venture Capital and HNW Angel investors alike.
Contango co-founder Mike Grantis said, “This round was an accelerant for Contango. It allows us to place our bets on the growth of the industry, build our presence as a firm and position ourselves as one of the top rising VCs in the Web3 space. We are very excited to work with our newest strategic investors and feel poised to emerge as one of the leading up-and-coming Web3 VCs during this next market cycle.
Josh Field – a fellow Contango co-founder – added, “We are excited about what this injection of capital can do to further our mission here at Contango. We see a future where we can offer avenues for all levels of sophisticated investors to get access to competitive Web3 private markets, usually only accessible to large funds.
“We plan on doing this by innovating on the current infrastructure available to investors and building systems that bring more transparency to this process. This seed round will be the catalyst for Contango to execute on that vision.
Toku, a platform seeking to revolutionise the way firms collect payments in Latin America, has scored $7m in a seed funding round.
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