Decasonic Announces Final Closing of Early-Stage Blockchain Venture Fund at $48.8M with 88 Investors | News
CHICAGO, January 25, 2022 /PRNewswire-PRWeb/ — Decasonic, the venture capital and digital asset fund that develops blockchain innovation, today announces the final closing of its first Disruptive Innovation Venture and Digital Assets Fund at $48.8 million with 88 strategic investors. Pritzker Organization (TPO) joins as lead investor, with Jason Pritzker join the advisory board. Other fund investors, either through their investment entities or as individuals, include Bridge Alternatives, Corazon Capital, Distributed Ventures, Drive Capital, and KeenCrypto, among others.
“I am delighted to welcome our latest long-term strategic partners to Decasonic. The world-class reputation of the Pritzker organization and its historic legacy of building iconic companies truly humbles me,” said Paul Hsu, CEO and Founder of Decasonic. “Our syndicate of funds is made up of technology leaders, founders of high-growth companies, experienced traders and long-term asset managers – an impressive ecosystem of investors that adds value to both the technical expertise and operational experience of the founders.”
Since closing its initial fund in August 2021, Decasonic has made funding and advisory investments in more than a dozen pre-seed and seed ventures and token projects in blockchain, DeFi, games, the metaverse, NFTs, DAOs and Web3. In all of these projects and ventures, Decasonic plays an active role in advising and co-building with founders, as well as applying technical and operational expertise to accelerate product market fit and growth.
“Building businesses is at the heart of what we do at TPO and we look forward to partnering with Paul and the Decasonic team,” said Jason Pritzker. “Paul has been a blockchain builder since 2013 and by joining forces to grow the blockchain economy for talent and innovation, we can drive widespread adoption and create extraordinary long-term value.”
With the final close of its inaugural fund, Decasonic will continue to support outlier founders with capital and expertise through market cycles. Decasonic continues to invest in R&D in data infrastructure, knowledge repositories, ecosystem partnerships and other comprehensive technical value-added products for portfolio companies. Funds are also being deployed to co-build with early-stage technical founders through Decasonic Labs, the company’s innovation generator that partners with founders on their big ideas in Web3. Decasonic Labs is led by Decasonic CTO, Allister Lamwho recently spent 21 years as a technical manager at DoubleClick/Google.
Decasonic is the venture capital and digital asset fund building blockchain innovation. We leverage our decades of experience as technology investors and operators to help blockchain founders accelerate product market adaptation and scale growth. As blockchain supporters, builders and investors since 2013, we’ve designed a systematic approach to iconic growth – with people, data and relationships as our fund’s northern stars. Visit http://www.decasonic.com to learn more.
michelle smithDecasonic, 773-972-2285, [email protected]