Contango Digital Assets Announces Successful First Close of $5M Blockchain x AI Fund
Contango Digital Assets, a Canadian venture capital firm, is making waves in the tech world with the successful first close of its latest venture fund, the Contango Blockchain x AI Fund. With an impressive $5 million in LP capital raised to date, the fund is dedicated to investing in North American seed round companies at the intersection of blockchain and artificial intelligence.
The fund has attracted strong investor backing, including key players in the industry such as the CEO of Quantstamp, the CFO at SingularityNet, and the CEO at WonderFi. With support from early LPs in Digital Currency Group and Polychain Capital, as well as investors from VANTA DAO, the fund is well-positioned to drive forward the convergence of blockchain and AI technologies.
Managing Partners Mike Grantis and Joshua Field bring a wealth of experience to the fund, with a track record of over 80 related Angel investments since the company’s inception in 2021. Their partnership has proven successful, with a focus on decentralized AI and a commitment to accelerating the adoption of decentralized systems.
The fund has allocated a portion of its capital to projects within the Bittensor ecosystem, a leading decentralized AI project. By working directly with portfolio companies through their subsidiary, General TAO Ventures, Contango aims to provide a competitive advantage and foster innovation in the blockchain and AI space.
With strong relationships in other AI-related ecosystems such as SingularityNet and Akash, Contango remains at the forefront of innovation in the industry. The fund’s strategic vision and robust network of partners and investors position it well to drive innovation and foster growth at the dynamic intersection of blockchain and artificial intelligence.
For more information on Contango Digital Assets and the Contango Blockchain x AI Fund, visit contango.digital. Contact Robert Penington at robert@thronepr.com for media inquiries.
