Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds
CoinDesk
18 Sep 2023 3:00 PM
Most of the firm's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans...
- Blockchain Capital has raised $580 million for two new funds.
- $380 million will go towards an early-stage fund focusing on newer companies and protocols in pre-seed and Series A rounds.
- $200 million will be allocated to an opportunities fund targeting late-stage investments from Series B onward.
- The successful fundraising indicates continued interest in investment despite the subdued state of the digital asset market.
- Most of Blockchain Capital's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds, and U.S. pension plans.
- Strategic investors like Visa and PayPal have previously joined Blockchain Capital's funds but have not committed to the new ones.
The article highlights the success of Blockchain Capital in raising $580 million for two new funds, indicating a positive sentiment towards the company's ability to attract investment despite market conditions.
You May Ask
How much did Blockchain Capital raise for its two new funds?What types of companies and protocols will the early-stage fund focus on?Which investors have joined Blockchain Capital's previous funds?What is the sentiment towards the digital asset market?What are the potential benefits of partnering with Blockchain Capital for long-term investors?