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Visa, PayPal Join Crypto VC Blockchain Capital’s New $300M Fund
PayPal and Visa are chasing bets across the crypto industry as partners in Blockchain Capital’s fifth venture fund, a $300 million war chest announced Tuesday. The increasingly crypto-savvy companies are relative newcomers to crypto VC. While both have invested directly in a handful of crypto startups, joining as limited partners (LPs) means an outside manager will place broader equity investments on their behalf. PayPal confirmed to CoinDesk this is its first such arrangement with a crypto VC firm. Blockchain Capital is one of older and larger crypto-native venture capital firms with over $1.5 billion under ... (full story)
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Blockchain Capital Raises $300 Million for Fund V
Blockchain Capital, the first venture capital firm founded to focus exclusively on blockchain technology and the crypto ecosystem, announced the close of Blockchain Capital V, LP. The fund was heavily oversubscribed at its $300 million hard cap with participation from strategic investors, pension funds, major university endowments and family offices from around the world. Since its inception in 2013, Blockchain Capital has invested in more than 110 companies, protocols and crypto assets across the ecosystem. The portfolio includes such industry leaders as Coinbase, Kraken, Anchorage and OpenSea, as well as DeFi ... (full story)
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