Blockchain Capital Seeks $700 Million for Two New Crypto Venture Funds

Bloomberg reported that Blockchain Capital is raising its seventh early-stage fund and second growth fund, with fundraising expected to conclude in five to six months amid concentrated crypto venture activity.

26d ago

Fact Check

The claim is strongly supported by Bloomberg's article title surfaced in search results, 'Blockchain Capital Said to Seek $700 Million For Two New Funds,' and by The Block's report 'Blockchain Capital seeks $700 million for two new funds: Bloomberg,' which repeats the figure, the two-fund structure, and attributes the information directly to Bloomberg. Crypto.news independently corroborates the same $700 million target across early-stage and growth funds. No official Blockchain Capital announcement was found in the provided evidence, so the claim rests on credible media reporting rather than a company press release, but the reporting is consistent across sources.

Summary

Blockchain Capital is raising $700 million across two new investment vehicles, according to Bloomberg, which cited a person familiar with the matter. The San Francisco-based crypto venture firm is launching its seventh early-stage fund and second growth fund, has already begun deploying some of the capital, and expects fundraising to be completed within five to six months. The firm manages $2 billion in fee-earning assets and has a portfolio valued at more than $6 billion, highlighting its scale as crypto venture investment remains active but concentrated despite weaker overall deal flow.

Terms & Concepts

Early-stage fund: A venture capital fund focused on investing in young companies that are developing products, markets, or business models.
Growth fund: An investment fund that typically supports more mature companies seeking capital to expand operations, markets, or revenue.
Fee-earning assets: Assets under management that generate management or performance fees for an investment firm.