Blockchain Capital Seeks $700 Million for New Funds

Blockchain Capital, a leading cryptocurrency venture capital firm, is embarking on a significant fundraising effort. The San Francisco-based company is seeking to raise $700 million for two new funds: its seventh early-stage fund and second growth fund.

According to reports, the new funds are expected to be completed in the next five to six months. This development comes after Blockchain Capital previously raised around $1 billion for crypto investments, with notable portfolio companies including Coinbase, Circle, and Tether.