SOSVa multi-stage venture capital firm based in Princeton, New Jersey, announced the spin-off of dlabbits startup program focused on decentralization and blockchain technologies, as an independent fund.

The new fund will be led by founding general partners Shawn Broderick and Nick Plante, former 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- and early-stage Web3 projects creating more open, transparent, and participatory systems using blockchain and other decentralization technologies. dlab inversions are protocol independent and global in scope.

Over the past four years, SOSV has invested in 23 dlab startups, including:

• API3, creation of own oracles to take data to the chain through applications without trust
• Contango, creating a decentralized exchange for expiries without order books or liquidity pools
• Composable Finance, trustless cross-chain interop engineering

SOSV’s investments in dlab companies made to date will continue to be part of SOSV’s portfolio, and Broderick will continue to manage his legacy SOSV investments as SOSV’s venture partner.

SOSV is a global venture capital firm that offers investment in various stages, beginning with pre-seed startup development programs designed for founders with innovative 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 more than 1,000 startups operating in 60 countries and programs based in New York City, Newark, San Francisco, Shenzhen, Shanghai, Taipei, and Tokyo.

financial SMEs

01/13/2023