SOSV, a Princeton, NJ-based multi-stage venture capital firm, announced the spin-out of dlab, its startup program focused on decentralization and blockchain technologies, as a standalone fund.
The new fund will be led by founding general partners Shawn Broderick and Nick Plante, formerly general partner and partner at SOSV, respectively. SOSV will be the anchor limited partner in the fund.
dlab was created by SOSV in 2018 to provide capital and resources to pre-seed and seed-stage Web3 projects creating more open, transparent, and participatory systems using blockchains and other decentralization technologies. dlab investments are protocol-agnostic and global in scope.
Over the past four years, SOSV has invested in 23 dlab startups, including:
- API3, building first-party oracles to bring data on-chain via trustless apps
- Contango, creating a decentralized exchange for expirables without order books or liquidity pools
- Composable Finance, engineering trustless cross-chain interoperability
The SOSV investments in dlab companies made to date will remain part of SOSV’s portfolio, and Broderick will continue to look after his legacy SOSV investments as an SOSV venture partner.
SOSV is a global venture capital firm that offers multi-stage investment, starting with pre-seed startup development programs designed for founders with breakthrough technologies that address human and planetary health. With $1.5 billion in AUM, SOSV operates early-stage startup development programs including HAX (hard tech), IndieBio (human and planetary health), and Orbit Startups (emerging markets). The SOSV ecosystem spans the globe, with 1000+ startups operating in 60 countries and programs based in New York City, Newark, San Francisco, Shenzhen, Shanghai, Taipei, and Tokyo.
FinSMEs
13/01/2023