Blockchain Capital Raises $580 Million in 2 New Funds

PYMNTS.com September 18, 2023

Blockchain Capital, a venture capital (VC) firm dedicated to driving the global transition to decentralized, blockchain-based systems, has announced the closing of two new funds.

The firm’s sixth early-stage fund and its first opportunity fund have raised a total of $580 million, the VC firm said in a Monday (Sept. 18) blog post.

“We are especially grateful to have achieved the largest fundraise in our 10-year history during this bear market, as it reflects our investors’ trust in our long-term perspective and experience,” Blockchain Capital said in the post.

The crypto market’s volatility over the past 20 months has underscored the dangers of short-term thinking, according to the post. However, Blockchain Capital is committed to identifying quieter, fundamental indicators of...

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