Contango Digital Asset, a British Virgin Island-based blockchain VC firm, raised $1.2M in Seed funding.
Investors included Family Office, Venture Capital and HNW Angel investors alike.
The company intends to use the funds to accelerate growth and expand operations.
Established in 2020 and led by Mike Grantis and Josh Field, Contango Digital Assets is a venture firm focused on investing in and building products and services that make Web3 globally accessible. The company invests in early-stage Web3 infrastructure that enables and improves user experience. It has created a community of more than 450 angel investors, researchers, founders and industry experts. To date, Contango has deployed over $7 million is on track to at least double that figure in 2023.
Its portfolio features more than 50 Web3, DeFi and gaming companies including Andromeda Protocol, Coinweb, Kado, NuNet, Nakamoto Games, Astra Protocol, and IQ Protocol.
The firm, domiciled in the British Virgin Islands and regulated by the FSC, is currently building a SaaS platform that will add transparency to the complex private capital markets and level the playing field for angel investors in the Web3 private investment landscape.
In addition to closing their seed financing round, Contango has also added Eric Baum to its board. Baum brings over twenty years of experience in advising executive leadership teams for both well-established Fortune 50 companies and emerging ventures. He currently serves as the Co-Founder / Managing Director of Solidea Capital, a private equity and venture advisory firm founded in 2006.
FinSMEs
24/02/2023