Bloomberg: Blockchain Capital plans to raise $700 million for two new funds

CoinFeed reported on April 23 that, according to Bloomberg, sources familiar with the matter revealed that Blockchain Capital, a venture capital firm specializing in cryptocurrencies, is raising $700 million for two new funds, including its seventh early-stage fund and second growth fund. Deployment of some of the new capital has already begun, and fundraising is expected to be completed within five to six months. Blockchain Capital has previously raised approximately $1 billion for crypto investments, investing in crypto exchanges such as Coinbase and Kraken, as well as Tether Holdings. The firm currently manages $2 billion in fee assets and has a total portfolio value exceeding $6 billion.