PANews May 1st news, according to Fortune, the crypto venture capital firm dao5 announced the completion of a $222 million Phase II fundraise, with the main investors being family offices and high-net-worth individuals. The firm was founded in 2022 by former Polychain investment partner and corporate lawyer Tekin Salimi, and its first phase $125 million fund has been fully invested in projects such as Berachain and Bittensor, with the DPI (Distributed Profit Index) reaching 1x. The new fund will focus on stablecoins, asset tokenization, and other institutional application directions, planning to invest in 15-20 early-stage projects. Salimi has participated in major crypto projects such as Avalanche, and his first-phase fund LP, angel investor George.