San Francisco-based venture capital firm Blockchain Capital closed a $150 million fund today. As per the press release, the company that focuses investments in blockchain and cryptocurrency have total assets to $250 million under management.
Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised and deployed three prior venture funds, including the first-ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens.
Among its 72 past investments are digital currency trading platforms Coinbase as well as a lead investment in Coinsetter which was acquired by global bitcoin exchange Kraken in 2016. Coinbase, which was founded in 2011, has benefited off of the crypto hype over the past couple of years, raising a known total of over $225 million since its inception from 41 investors.
Blockchain Capital took part in Coinbase’s $75 million Series C in 2015. As per the data, 52 percent of the firm’s known investments are in seed stage rounds with an additional 25 percent in Series A ventures and 10 percent in initial coin offerings.