Blockchain Capital Raises Record $580 Million in Funding
Blockchain Capital, a leading venture capital group, has successfully closed two new funding rounds, securing a total of $580 million in investments. This achievement marks the largest fundraising initiative in the company’s ten-year history.
According to Spencer Bogart, a partner at Blockchain Capital, $380 million of the total funding has been allocated to the firm’s sixth early-stage fund, while the remaining amount has been assigned to the opportunity fund. This substantial investment surpasses the $300 million raised for the firm’s fifth early-stage fund in June 2021.
In a statement, Blockchain Capital acknowledged the volatile nature of the cryptocurrency market. However, the company emphasized its commitment to long-term investment, stating, “Over the past 20 months, we’ve invested more capital into the next generation of innovators than any other time in our history.” This dedication to nurturing innovation sets a new benchmark for future investment ventures at Blockchain Capital.
The investment strategy of Blockchain Capital over the past two years reflects its strong belief in the potential of blockchain technology. The company has increased its investments in infrastructure, gaming, decentralized finance (DeFi), as well as consumer and social sectors. However, Blockchain Capital emphasizes that its focus extends beyond specific sectors. The company aims to leverage blockchain technology to reshape the digital landscape, empower individuals, and redefine the social contract in an increasingly digital world.
Blockchain Capital’s vision is to empower individuals by providing them with control over their digital and financial lives through innovative blockchain applications and services. This vision influences the firm’s investment decisions and its active involvement as builders, advocates, and partners in the blockchain community.
These new funds secured by Blockchain Capital are among the largest in cryptocurrency and blockchain history. They highlight the company’s dedication to fostering innovation and set a new standard for its future investment endeavors.
Source:
[Blockchain Capital – announcement on Twitter](https://twitter.com/blockchaincap/status/1703788962538815709?ref_src=twsrc%5Etfw)
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