Blockchain Capital, a venture capital firm founded in 2013 by Bart and Brad Stephens, has successfully raised $580 million across two new crypto-focused funds.
According to News, the company’s general partner Spencer Bogart confirmed that the funds include a $380 million early-stage fund (the firm’s sixth) and a $200 million opportunity fund for later-stage investments.
The early-stage fund will focus on pre-seed and Series A investments in new blockchain protocols and startups, continuing Blockchain Capital’s decade-long strategy.
The opportunity fund allows the firm to participate in the growth of projects they may have missed in the early stages.
Investments will target six key sectors: decentralized finance, centralized finance, infrastructure, gaming, and consumer applications.
The investor base includes strategic partners like Visa and PayPal, as well as university endowments and family offices seeking long-term crypto exposure.
Blockchain Capital aims to lead funding rounds, secure board seats, and influence deal terms.
Overall, the new funds reaffirm the firm’s commitment to early-stage blockchain investing and position it to support portfolio growth in later stages.
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