Blockchain Capital raises $580M for two new funds

• Blockchain Capital has raised $580 million for two new investment funds, including its sixth early-stage fund and its first Opportunity Fund.
• This funding marks the company's largest raise in its ten-year history.
• Despite the bear market, the funding reflects investors' trust in the firm's long-term perspective.
• The space is filled with exceptional innovators and founders aligned with open source innovation, neutrality, and censorship resistance.
• The Opportunity Fund is designed for post-dislocation investments at the later stage, taking advantage of the current fundraising environment for late-stage crypto companies.
• Crypto private financing has declined in the first half of 2023 compared to the prior year period.
• Blockchain Capital's limited partners include university endowments, private foundations, financial institutions, sovereign wealth funds, and US pension plans.
• Strategic investors Visa and PayPal have not finalized commitments for Blockchain Capital's latest funds.
• The company has focused on investments in infrastructure, gaming, DeFi, and consumer and social sectors, with scalability being a key theme.

The sentiment of the article is positive, highlighting the success of Blockchain Capital in raising funds despite the bear market and the opportunities in the space filled with exceptional innovators.