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.