Orange DAO Closes $80 Million in Financing with Algorand and NEAR Involved

Orange DAO, a decentralized venture capital organization founded by Y Combinator alumni, closed an $80 million round of funding, primarily from its strategic investors Algorand and NEAR, with the rest coming from DAO members who are limited partners in the fund, as well as a number of institutional investors. Since January, the group has grown to 1,300 members from 1,000 and backed 90 startups, including Liquifi, Goldfinch, Spritz and others.
Source

DAO

Fund Raising

Algorand

Near

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