Hydra Ventures

Hydra Ventures is the world's first fund of funds investment DAO, focused on investing in other investment DAOs. They aim not only to deploy capital but also to help incubate and equip communities with their own investment capabilities. The organization brings its network, operating experience, and reputation to help communities with domain knowledge, expertise, and deal flow to become self-sustainable capital allocators. Their objectives include investing in other investment DAOs and assisting communities in launching their first investment DAOs from scratch, including setting up contributor incentives models and coordination frameworks, guidance on legal, tax, and accounting services, and coaching first-time investors on venture portfolio building. Moreover, Hydra Ventures aims to coach DAO communities on how to operate an investment DAO, utilizing their experience to advise early-stage DAOs and build an operational manual on running an investment DAO. The organization's investment focus spans various areas such as domain-specific focuses, emerging social networks, operational expertise, and technology ecosystems, particularly in emerging markets. Notably, on 29 March 2023, Hydra Ventures secured a $10.00M Seed Round investment from Collab Currency, 1kx, seedclub, Wicklow Capital, NxGen.xyz, and ConsenSys. The company operates in the Blockchain and Finance industries and was founded in 2022. In conclusion, Hydra Ventures plays an instrumental role in nurturing and investing in a broad spectrum of investment DAOs, providing support and expertise to aid communities in becoming self-sufficient capital allocators. Their recent significant Seed Round investment signifies growing interest and support from prominent investors in their mission.