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Blockchain Capital Raises $150 Million Fund2 min read

Morning Report: Blockchain Capital closed $150 million fund to invest in blockchain tech. 

Blockchain Capital, a San Francisco-based venture capital firm that focuses investments in blockchain tech and crypto, closed a $150 million fund announced today. According to the press release, the fund brings its total assets under management to $250 million.

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Founded in 2013, its founders, who have backgrounds in hedge fund management, internet security, and financial technology, hopped on the blockchain train early, as the firm boasts itself as the pioneer in blockchain investments. The firm invests in both equity and crytpo assets.

Among its 72 past investments are digital currency trading platforms Coinbase as well as a lead investment in Coinsetter which was acquired by global bitcoin exchange Kraken in 2016. Coinbase, which was founded in 2011, has benefited off of the crypto hype over the past couple of years, raising a known total of over $225 million since its inception from 41 investors.

Blockchain Capital took part in Coinbase’s $75 million Series C in 2015. However, according to Crunchbase data, 52 percent of the firm’s known investments are in seed stage rounds with an additional 25 percent in Series A ventures and 10 percent in initial coin offerings.

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The post Blockchain Capital Raises $150 Million Fund appeared first on Crunchbase News.

Source: Crunchbase

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