Blockchain Capital, a prominent cryptocurrency venture capital firm, is reportedly seeking to secure $700 million in funding for two new investment vehicles, according to 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 efforts for its seventh early-stage fund and second growth fund over 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's co-founders and managing partners, Bart Stephens and Brad Stephens, have established the firm as a significant player in the crypto investment space. The company's investor base primarily comprises traditional financial institutions, including university endowments, sovereign wealth funds, and U.S. pension plans.