The LAO is a member-directed venture capital fund that invests in early-stage blockchain projects, specifically focusing on DeFi, NFTs, privacy, and Web3 social applications. Its strategy involves members pooling capital and voting on promising ventures to foster a decentralized digital future leveraging Ethereum's transformative power.
40% of their portfolio is in Crypto & Web3. Their most common stage is series-a (60% of deals). Average disclosed round size is $22.4M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
$45M
Top Stage
Series A
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Fleek | Series A | $25M | Dec 2022 |
 BreederDAO | Series A | $10M | Jan 2022 |
 Ondo Finance | Seed | $4M | Aug 2021 |
 Zerion | Series A | $8.2M | Jul 2021 |
 ConsenSys | Series C | $65M | Apr 2021 |
Top Co-Investors
Digital Currency Group3 shared
Protocol Labs2 shared
Pantera1 shared
Genesis Investments1 shared
CMS1 shared
CoinFund1 shared
Chapter One1 shared
J.P. Morgan1 shared
Mastercard1 shared
Fenbushi Capital1 shared
Alameda Research1 shared
CMT Digital1 shared
Greater Bay Area Homeland Development Fund1 shared
Andreessen Horowitz1 shared
Hashed1 shared
Morningstar1 shared
Mechanism Capital1 shared
Sfermion1 shared
Polychain Capital1 shared
Coinbase Ventures1 shared
Last updated: 18 March 2026