The fund, known as Fund V, was backed by payment giants PayPal and Visa as well as strategic investors, pension funds and major university endowments.
Since its launch in 2013, Blockchain Capital says it has invested in more than 110 companies, protocols and crypto assets. Its portfolio includes Coinbase, Kraken, Anchorage and OpenSea.
Investments from Fund V will be focused on blockchain infrastructure, DeFi, NFTs and emerging applications of blockchain technology.
“We are incredibly honoured to welcome a world class group of investors into Fund V who appreciate the value of a firm dedicated to a single industry,” says P. Bart Stephens, co-founder and managing partner of Blockchain Capital.
