Blockchain Capital finalizes two funding pools, securing investments in areas encompassing infrastructure, gaming, DeFi, consumer, and social technologies.
Blockchain Capital(BC), the pioneering venture capital firm with a sole focus on investing within the blockchain ecosystem, has declared the successful conclusion of two fresh funds, amassing a combined sum of $580 million.
In its decade-long history, Blockchain Capital has achieved its largest fundraising milestone to date with the completion of its sixth early-stage fund and the inaugural opportunity fund in the latest funding round.
Blockchain Capital Achieves Funding Success with $580 Million Raised
Blockchain Capital, a notable venture capital organization, has officially concluded the successful closure of two fresh funding pools, securing a remarkable $580 million investment for infrastructure, gaming, DeFi, as well as consumer and social technologies.
As per Spencer Bogart, a partner within the company, a substantial portion of the total funding, specifically $380 million, is designated for Blockchain Capital’s sixth early-stage fund, while the remaining funds are earmarked for the opportunity fund. This surpasses the value of the firm’s fifth early-stage fund, which stood at $300 million as of June 2021.
In their official press release, Blockchain Capital recognized the inherent volatility of the cryptocurrency market. Nevertheless, the firm affirmed its unwavering dedication to long-term investments, noting, “Over the past 20 months, we’ve directed more capital towards the next generation of innovators than at any other point in our history.”
These newly secured funds, among the most substantial in the history of cryptocurrency and blockchain, underscore Blockchain Capital’s commitment to fostering innovation. This development sets a noteworthy benchmark for the firm’s future investment endeavors, as stated in the press release.
The Investment Approach of Blockchain Capital
Over the last two years, Blockchain Capital’s investment strategy strongly reflects its conviction. The company has amplified its investments in areas like infrastructure, gaming, DeFi (Decentralized Finance), consumer, and social sectors. Nevertheless, BC emphasizes that its focus extends beyond individual sectors.
Its objective is to utilize blockchain technology for reshaping the digital realm, empowering individuals, and redefining the social contract in our ever-evolving digital landscape.
BC also underscored that its primary goal is to empower individuals by granting them control over their digital and financial affairs via inventive blockchain applications and services. This vision significantly influences the company’s investment choices and its proactive role as contributors, champions, and collaborators within the blockchain community.
Get free access to our lifetime VIP membership. Join us here.
Leave a Reply