Blockchain Capital, a prominent cryptocurrency venture capital firm, is reportedly seeking to secure $700 million in funding for two new investment vehicles, as per a recent Bloomberg report. The company, which has previously invested in major digital asset players such as Coinbase, Circle, and Tether, is expected to finalize the fundraising process within the next five to six months.
With a portfolio valued at over $6 billion and $2 billion in fee-bearing assets under management, Blockchain Capital has established itself as a significant player in the crypto investment landscape. The firm's co-founders, Bart Stephens and Brad Stephens, have led the company to raise approximately $1 billion for crypto investments to date.
The current fundraising effort marks the company's latest move to expand its investment capabilities, with a focus on early-stage and growth-stage opportunities in the cryptocurrency sector.