Venture Capital Firm Blockchain Capital Secures $580M for Two New Crypto Investment Funds

By: Eva Baxter

Blockchain Capital, a pioneering crypto venture capital firm, has successfully raised a staggering $580 million to bolster its investment capabilities. The expansion comprises two funds: one sizable early-stage and one opportunity fund.

The majority of the funds, around two-thirds, will be directed towards the early-stage fund, tasked with nurturing budding companies and protocols in their early development stages. The remainder will enrich the opportunity fund, specifically designed for pouring capital into ventures exhibiting potential during their later stages.

Investments will be distributed across a wide variety of sectors including decentralized finance and infrastructure, centralized finance and infrastructure, gaming, and consumer/social sectors. The strategic choice of these diverse domains aims to keep Blockchain Capital at the helm of innovation within the burgeoning blockchain ecosystem.

The firm's funding comes from a myriad of sources like Visa and PayPal along with other traditional investors such as university endowments, private foundations, and sovereign wealth funds. The latest injection of funds empowers Blockchain Capital to continue its visionary strategy, of backing blockchain initiatives with well-articulated long-term goals, thereby perpetuating its critical role in the sector for the foreseeable future.