Blockchain Capital has reaffirmed its dedication to fostering blockchain-based systems by announcing the successful closure of two new funds. This milestone includes the launch of their sixth early-stage fund and their inaugural opportunity fund, collectively amassing an impressive $580 million in total.
Blockchain Capital is a venture capital firm that invests in blockchain technology and bitcoin companies. It was founded in 2013 by Bart Stephens and Brad Stephens and was formerly known as Crypto Currency Partners.
Blockchain Capital is the first sector-focused VC fund that invests exclusively in the blockchain ecosystem. The company pioneered the world’s first tokenized investment fund and the blockchain industry’s first security token, the BCAP, which was sold through a security token offering in April 2017.
It has made 167 investments across stages, geographies, and asset types. The company’s funds provide broad-based exposure across the entire blockchain sector, from Web3 to decentralized finance (DeFi) to infrastructure and beyond.
Despite the volatility of the market and over $1 billion stolen from it by cyber criminals, Blockchain Capital has shown its commitment to its core principles of open-source innovation, and censorship resistance.
According to the firm, many investors have been caught off guard by the intricacies of this emerging technology, failing to recognize the quieter yet more substantial signs of long-term value creation.
“Remember, it took 35 years from ARPANET to the founding of Netscape, arguably the first internet unicorn, in 1994,” it said. “Similar to the Dot-com bust that followed, the late 1990s were characterized by many investors having overly high expectations for a nascent technology.”
It added that in the past 20 months, it has invested heavily in innovative startups, driven by the current market’s exceptional opportunities and a surge in highly skilled founders. These investments span various sectors, including infrastructure, gaming, DeFi, and others.
