Blockchain Capital raised $580 million for two crypto funds

venture_investments venture investments investing
venture_investments venture investments investing

San Francisco-based venture capital firm Blockchain Capital has raised $580 million for two new investment funds.

The structures are aimed at infrastructure, consumer and social projects, games and DeFi protocols. Payments giant Visa is among those re-investing.

“Over the past 20 months, we have invested more capital in the next generation of innovators than at any time in our history. The reason is simple: Today’s market offers unprecedented opportunity, driven by an influx of highly skilled founders developing a wide range of innovative technologies,” the statement said.

In June 2021, Blockchain Capital raised $300 million for Fund V. Visa and PayPal were limited partners.

The firm manages more than $2 billion in assets. Its portfolio includes Coinbase, Kraken, Anchorage, OpenSea, Aave, Worldcoin and others.

Data: Blockchain Capital.

Let us remind you that based on the results of investment rounds in August, the volume of funds raised by crypto firms increased by 39.8% compared to July.

One of the landmark deals of the last month of summer, along with the Ramp round ($300 million), was the raising of $100 million by crypto-custodian BitGo at a valuation of $1.75 billion.

The third place in terms of the volume of funds received was investments in the ZetaChain blockchain platform ($27 million).

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