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D11 Labs operates as a pioneering venture studio and blockchain investment bank, primarily focusing on the Web3 ecosystem. The firm incubates, develops, and provides comprehensive support for emerging projects, offering strategic guidance and financial services. Its approach fosters digital transformation and leverages expertise in distributed ledger technologies to advance new ventures.
The company was co-founded by individuals with backgrounds in prominent centralized exchanges and established Web2 entrepreneurship, including Lily Zhang. This collective experience informs its strategy in identifying and nurturing early-stage innovation. The foundational insight for D11 Labs was the recognition of a need for a dedicated entity to bridge traditional finance and burgeoning blockchain technologies.
D11 Labs targets entrepreneurs and nascent companies operating within the Web3 and deep tech domains, providing them with critical resources to scale. The firm's overarching mission is to drive significant industry innovation by empowering projects that utilize advanced technologies. It envisions itself as a pivotal force in shaping the future of decentralized and digital landscapes.
D11 Labs has 1 tracked investment across 1 company. The latest tracked deal is $4.0M Seed in Parasail in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 28, 2024 | Parasail | $4.0M Seed | Protocol Labs | AGE Fund, Bitrise Capital, DWF Labs, EV3, Faculty Group, Fenbushi Capital, Foresight Ventures, MH Ventures, Modular Capital, Waterdrip Capital |