PlayIconNav
BTC
$98,812.57+3.09%
ETH
$3,358.36+8.70%
SOL
$262.47+11.03%
BNB
$631.39+4.68%
XRP
$1.39+25.38%
DOGE
$0.39207424+3.62%
CD20
$3,231.91+9.69%
ADA
$0.87295919+11.66%
TRX
$0.19956596+2.07%
AVAX
$36.12+8.83%
SHIB
$0.00002478+5.04%
WBTC
$97,960.99+2.65%
Ad
Markets
Election 2024

Blockchain Capital Raises $13 Million for Second Startup Fund

Venture capital firm Blockchain Capital has raised $13m for its second investment fund for bitcoin and blockchain technology ventures.

By Daniel Palmer
AccessTimeIconJan 27, 2016 at 4:35 p.m. UTC
Updated Aug 18, 2021 at 4:31 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
shutterstock_219530599

Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m.

According to Forbes, the fundraise was oversubscribed, having had an original target of $10m. The announcement follows Blockchain Capital's $7m fund, revealed last June.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects.

    Brad Stephens, managing partner for the firm, said in a statement:

    "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."

    In addition to the close, Blockchain Capital announced the creation of a new AngelList syndicate in partnership with Flight Ventures, which has invested in firms like PayPal, LinkedIn and Indiegogo, as well as AngelList.

    Blockchain Capital

    , formerly known as Crypto Currency Partners, is led by Bitcoin Foundation chairman Brock Pierce and venture capitalists Bart and Brad Stephens.

    Since its founding, Blockchain Capital has invested in 37 bitcoin and blockchain industry startups and raised more than $15m. Blockchain Capital's portfolio includes startups such as Abra, Blockstream, Coinbase, Ripple and Wave.

    Image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.