Blockchain Capital Raises $580 Million For Two New Funds To Focus On Crypto Startups

In 2013, Blockchain Capital announced the launch their sixth early stage-venture fund and inaugural Opportunity Fund, receiving backing from various notable businesses namely payments behemoth Visa, as well as others who invested in Blockchain Capital’s fifth fund closed 2021. Assets under management currently stand at $2 billion which will be used to nurture cryptocurrency startups in sectors such as decentralized finance, gaming and infrastructure topics which are of high interest to General Partner at Blockchain Capital, Kinjal Shah. Large funding rounds, ($115 million for Worldcoin project to $40m for RISC Zero) have already been channelsed through the two funds, Fund VI tailored for new and early stage companies and the Opportunity Fund aimed at later-stage investments. Furthermore, Blockchain Capital remain interested in emergent cryptocurrency dawn-ups especially those involved in consumer-oriented solutions, infrastructure social avenues and gaming – also keeping to the heart their year-long criterion for short-term strategic thinking in management of innovative blockchain technologies.