Blockchain Capital, a prominent cryptocurrency venture capital firm, is reportedly seeking to raise $700 million for the launch of two new funds. This move, as reported by Bloomberg, indicates the company's seventh early-stage fund and second growth fund are expected to be finalized within the next five to six months. The firm, co-founded by Bart Stephens and Brad Stephens, has a history of investing in major digital asset companies such as Coinbase, Circle, and Tether, with around $1 billion raised for crypto investments. Following its previous major funding round in 2023, which secured $580 million, Blockchain Capital currently manages $2 billion in fee-bearing assets, with a total portfolio valued at over $6 billion.
