Leading VC Firm Successfully Closes $1.2 Million Seed Round
Contango Digital Assets has successfully closed its $1.2 million seed round for its parent business to establish Web3 infrastructure and spread awareness for Contango as a top investment firm going forward.
Thus far, Contango has deployed over $7 million to support more than 50 Web3 teams, with plans to at least double that figure this year. Unsurprisingly, the seed round has piqued the interest of a diverse group of investors, including Family Office, Venture Capital, and HNW Angel investors.
This round was a catalyst for Contango, as it enables everyone involved to bet on the the unprecedented growth of this booming industry while establising a viable presence as one of the top rising VCs in the Web3 space, said Contango Digital Assets Co-Founder Mike Grantis.
Fellow Co Founder Josh Field further clarified that the team envisions a future in which they can provide reliable avenues for all levels of sophisticated investors to gain access to competitive Web3 private markets that are typically only available to large funds.
Contango intends to accomplish this by consistently innovating on the existing infrastructure available to investors and developing systems that increase transparency in this process. This seed round will therefore act as the aforementioned catalyst to successfully execute that vision.
In the Web3 private investment landscape, the firm is currently developing a SaaS platform which shall add transparency to the complicated private capital markets while simultaneously leveling the playing field for angel investors.
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