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Digital Asset Capital Management

Description

Digital Asset Capital Management (DACM), also known as Digital Asset Fund, is a specialist global investment manager dedicated to the burgeoning digital asset and cryptocurrency sector. Established in 2017 and headquartered in Sydney, Australia, DACM has positioned itself as a key early-stage investor in foundational blockchain technologies and decentralized protocols. The firm's mandate is to identify and support innovative projects from their seed and early-growth phases, leveraging deep fundamental research and proprietary valuation models to navigate the complex digital asset landscape.

DACM's investment strategy is characterized by a focus on high-conviction opportunities within the crypto ecosystem, including infrastructure, DeFi, NFTs, and Web3 applications. Their portfolio boasts investments in several prominent projects that have achieved significant market capitalization, such as Solana, Polkadot, Immutable, and Synthetix. This demonstrates their ability to identify and back projects with long-term potential. The firm actively manages its portfolio, often engaging with founders to provide strategic guidance beyond just capital.

With a track record of over 28 investments, DACM has established itself as an active and influential player in the digital asset venture space. While specific first check sizes are not publicly disclosed, their participation in multi-million dollar seed and early-stage rounds for leading crypto projects suggests typical initial investments range from approximately $500,000 to $4,000,000. In 2022, DACM notably raised a $100 million fund, further solidifying its capacity to deploy substantial capital into promising digital asset ventures and reinforcing its commitment to the sector's growth and innovation.

Investor Profile

Digital Asset Capital Management has backed more than 40 startups, with 6 new investments in the last 12 months alone. The firm has led 7 rounds, about 18% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Initial Coin Offering rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Singapore.
  • Strong thematic focus on Blockchain, Cryptocurrency, Software.
  • Typical check size: $500K – $4M.

Stage Focus

  • Seed (48%)
  • Series Unknown (18%)
  • Initial Coin Offering (15%)
  • Pre Seed (13%)
  • Series A (8%)

Country Focus

  • United States (40%)
  • Australia (13%)
  • Singapore (13%)
  • Germany (5%)
  • United Kingdom (5%)
  • Canada (5%)
  • New Zealand (5%)
  • Seychelles (3%)
  • Cayman Islands (3%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Software
  • Fintech
  • Financial Services
  • Artificial Intelligence (Ai)
  • Information Technology
  • Bitcoin
  • Finance
  • Web3
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Digital Asset Capital Management frequently co-invest with?

Vendetta Capital
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 3
Eden Block
Europe, England, United Kingdom, London
Co-Investments: 4
CMS Holdings
North America, New York, United States, New York
Co-Investments: 4
GSR
Europe, England, United Kingdom, London
Co-Investments: 4
Blockchain Founders Fund
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 3
Side Door Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Lemniscap
North America, Midland, Cayman Islands, George Town
Co-Investments: 4
LedgerPrime
North America, Florida, United States, Miami
Co-Investments: 4
Mechanism Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 4

Which angels does Digital Asset Capital Management often collaborate with?

PR
North America, California, United States, San Francisco
Shared Deals: 2
Shared Deals: 1
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 3
SK
Europe, England, United Kingdom, London
Shared Deals: 4
Vitalik Buterin
North America, Ontario, Canada, Toronto
Shared Deals: 2
JS
Europe, Zug, Switzerland, Zug
Shared Deals: 2
GB
North America, California, United States, San Francisco
Shared Deals: 1
DCF GOD
North America, California, United States
Shared Deals: 2
AY
North America, California, United States
Shared Deals: 1
RN
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Digital Asset Capital Management?

Inference Labs

Hamilton, Ontario, Canada

Inference Labs is advancing the use of zero-knowledge cryptography to guarantee the computational integrity of off-chain AI models.

Artificial Intelligence (AI)BlockchainMachine LearningWeb3
SeedJun 26, 2025
Amount Raised: $5,300,000
RISE Chain

Sydney, New South Wales, Australia

RISE is a fast, scalable Ethereum Layer 2 blockchain delivering instant transactions with full decentralization.

BlockchainCryptocurrencyEthereum
SeedJun 9, 2025
Amount Raised: $4,000,000

Templar Protocol is a startup that focuses on creating a lending platform for cryptocurrencies, including Bitcoin and other digital assets.

BitcoinCryptocurrencyWeb3
Pre SeedMar 13, 2025
Amount Raised: $4,000,000
GEODNET

Los Altos, California, United States

Global Earth Observation Decentralized Network (GEODNET) is the first network that utilizes the limited Earth surface as the resource.

BlockchainGeospatialInternet of ThingsMapping ServicesMetaverse
Initial Coin OfferingFeb 25, 2025
Amount Raised: $8,000,000

Kernel is leading the way in restaking on the BNB Chain, which is intended to speed up innovation and ecosystem expansion.

BitcoinBlockchainCryptocurrency
Series UnknownNov 25, 2024
Amount Raised: $10,000,000
RISE Labs

Sydney, New South Wales, Australia

RISE Labs is a software company that revolutionizes the Blockchain landscape with performance.

BlockchainCryptocurrencyInternet
SeedSep 16, 2024
Amount Raised: $3,200,000

Ordinox is a native cross-chain swapping infrastructure focused on bringing EVM’s DeFi liquidity to Ordinal Inscription-based tokens.

BitcoinInformation Services
Pre SeedJun 21, 2024
Amount Raised: $1,000,000

Kelp DAO is intended to provide liquidity to illiquid assets put on restaking platforms such as EigenLayer.

Blockchain
Initial Coin OfferingMay 22, 2024
Amount Raised: $9,000,000
Zeta Markets

Newyork, Argyll and Bute, United Kingdom

Zeta Markets decentralizes finance (DeFi) futures and options exchange built on Solana.

AppsBlockchainFinanceFinancial Exchanges
Initial Coin OfferingMay 14, 2024
Amount Raised: $5,000,000
Mitosis

Panama, New York, United States

Mitosis offers an L1 network meant to revolutionize on-chain asset management.

BlockchainDecentralized Finance (DeFi)Information Technology
SeedMay 2, 2024
Amount Raised: $7,000,000