Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Blockchain Capital Announces Close Of Second Venture Fund, Raises $13 Mln

Blockchain Capital, a leading venture capital firm investing in Blockchain enabled technology companies, announced the closing of its second fund of $13 million. The fund had a target of $10 million and has already made 20 investments last year.

“We are excited to announce the closing of our second fund so that we can continue to support world-class entrepreneurs who are leveraging Blockchain technology to disrupt legacy industries and create new products and services around the globe,” said Co-Founder and Managing Partner Brad Stephens.

The company’s initial fund with 30 portfolio companies was the first venture fund dedicated to investing in the cryptocurrency industry. The first fund pioneered accepting capital calls in bitcoin and funding portfolio companies in bitcoin, the press release said. It has invested in several companies, including Coinbase, Chain.com and Xapo, Forbes reported.

In addition, the company also announced that its successful Blockchain Capital AngelList syndicate has collaborated with Gil Penchina’s Flight.vc to create the Blockchain Capital @ Flight.vc syndicate. It is by far the largest and most active syndicate focused on Blockchain and Bitcoin start up investment opportunities.

The Blockchain Capital @ Flight.vc has cumulatively invested in 7 companies raising more than $2 million dollars to help entrepreneurs grow their businesses.

“Equity crowdfunding is a disruptive innovation in financial services that democratizes and decentralizes venture capital. As an early adopter of platforms like AngelList, we are thrilled to combine forces with Gil Penchina who is the leading investor on AngelList,” said Co-Founder and Managing Partner Brock Pierce. 

Moreover, Blockchain Capital also announced the appointment of Advisory Board members that includes some prominent figures in the industry – Alison Davis (Chairman), Former CFO of Barclays Global Investors, Director Royal Bank of Scotland; Terry Schwakopf, Senior Advisor at Deloitte; John Wolpert, Global Blockchain Offering Director, IBM; Bobby Lee, CEO, BTCC; Mary Cranston, Director, Visa; Simon McNamara, CAO, Royal Bank of Scotland, Niccolo De Masi, CEO, Glu Mobile; Michael McAdam, CFO, Union Bank (Mitsubishi UFJ Financial Group); Vinny Lingham, CEO, Gyft; Charlie Lee, Founder, Litecoin; Chris Pallotta, Partner, Raptor Capital; Will O’Brien, Co-Founder, BitGo; and Matt Ocko, Partner, Data Collective.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.