Blockchain Capital, a crypto-centric venture firm, has secured $580 million through two new funds, marking its most substantial fundraising effort in its decade-long existence.
With a current portfolio valued at $2 billion, the company plans to channel the newly acquired funds into supporting crypto startups.
These startups span various sectors, including decentralized finance, gaming, and infrastructure, as shared by general partner Kinjal Shah during a conversation with Bloomberg News.
The upcoming Benzinga's Future of Digital Assets conference on Nov. 14 is expected to shed more light on such significant moves in the crypto space.
The two funds have distinct investment focuses.
Fund VI is aimed at nurturing new and budding companies, while the Opportunity Fund targets more ...