Blockchain Capital, a digital asset/crypto focused venture firm, recently completed the largest fund raise in its ten-year history. The firm announced in a press release dubbed "Doubling Up While Doubling Down.
Blockchain Capital, a digital asset/crypto focused venture firm,
recently completed the largest fund raise in its ten-year history.
The firm announced in a press release dubbed
"Doubling Up While Doubling Down," that it hauled in $580
million from investors. It plans to deploy the capital in two funds:
"$380 million will be dedicated to the early-stage fund and
$200 million will be used for the Opportunity Fund," focused
on later stage investments.
In announcing the raise, Blockchain Capital noted that digital
assets are in a "bear market," which they view as an
opportunity. The firm explained that "like the growth of the
internet – slowly, then all at once – the rhythm of
innovation follows its own beat, often thriving in face of tough
economic times."
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