Blockchain Capital is raising $700 million across two new funds, aiming to complete the fundraising in five to six months. The firm has already started deploying some of the new capital.
According to Bloomberg, Blockchain Capital is seeking capital for its second growth fund and its seventh early-stage fund. The firm, which manages approximately $2 billion in fee-bearing assets, has invested in notable crypto companies such as Coinbase and Tether. Recently, it led a $12 million funding round for Paxos Labs.