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SolrDAO operates as a decentralized autonomous organization, functioning as an early-stage venture capital firm in the blockchain ecosystem. It uses a community-governed model to strategically invest in promising projects. These initiatives advance core blockchain technology or develop novel solutions for the growing decentralized user base, fostering industry innovation.
Established in 2021, SolrDAO emerged from the insight that collective, decentralized capital effectively empowers nascent blockchain ventures. Its genesis reflects a belief in community-led initiatives building resilient infrastructure, not traditional founders. This approach enables a broader collective to drive strategic investments and development within the digital economy.
SolrDAO’s beneficiaries are early-stage blockchain projects and their development teams, receiving capital and community endorsement. The organization's vision is to catalyze decentralized technologies' growth. It systematically funds advancements enhancing functionality, user experience, and adoption, aiming to be a key investment partner for future decentralized applications.
SolrDAO has 3 tracked investments across 3 companies. The latest tracked deal is $4.0M Seed in Entangle Protocol in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 9, 2024 | Entangle Protocol | $4.0M Seed | — | 1NVST, Agnostic, BIG Brain Holdings, Blockhub DAO, Castrum Capital, Cogitent Ventures, Contango, Crypto Times Japan, CSP DAO, Faculty Group, Istari Vision, Launch Code Capital, Lbank Labs, MH Ventures, Nxgen, Offbeat, OWL Ventures, Seier Capital, Sharding Capital, Skynet Egld Capital, Terra Nova, Zephyrus Capital |
| Jan 2, 2024 | Cumulus Encrypted Storage System (CESS) | $8.0M Series A | 7 O'clock Capital, DWF Labs, Fishdao, HTX Ventures, Infinity Ventures Crypto, Mentha Partners, OneBlock+, Singchain Investment, Solrdao, Vespertine Capital, Web3 Foundation, Winkrypto | — |
| May 11, 2023 | Odsy Foundation | $7.5M Seed | Kenneth Seiff | FalconX, Insignius Capital, Node Capital, NO Limit Holdings, Rubik Ventures, TPC Ventures |