Quick Insights

  • Blockchain Capital is reportedly seeking $700 million across a new early-stage fund and a new growth fund.
  • The fundraising could take five to six months, though the firm has already started deploying some of the capital.
  • The raise comes after a strong rebound in crypto venture funding in March.
  • Blockchain Capital has backed major crypto companies including Coinbase, Circle, Polymarket and Tether.

Blockchain Capital is reportedly seeking $700 million across two new funds, a fresh sign that larger crypto venture firms are becoming more active again.

According to Bloomberg, the firm is raising capital for its seventh early-stage fund and its second growth fund. The report said the process could take five to six months, with some of the capital already being deployed.

Blockchain Capital is one of the longest-running names in crypto venture investing. Its portfolio includes Coinbase, Circle, Polymarket and Tether, giving it a strong track record in a market where investors have become more selective.

Blockchain Capital Is Raising Across Two Parts of the Market

The structure of the raise stands out. An early-stage fund gives Blockchain Capital room to back younger startups, while a growth fund gives it room to support larger companies that are already scaling.

That split fits the current market. Investors are still focused on quality, but established firms with strong networks are finding room to raise and keep deploying.

Blockchain Capital has stayed active while pursuing fresh capital. Last week, Paxos Labs said it had closed a $12 million strategic round led by the firm.

March VC Funding Jump Gives the Raise Better Timing

The timing also looks stronger than it did earlier this year. Crypto venture funding climbed to $2.42 billion in March, up from $683.6 million in February and $1.31 billion in January, according to The Block’s data cited in the report.

The wider funding backdrop also helps explain why firms are still chasing bigger deals in the sector. Nakamoto Daily recently reported that Polymarket is seeking $400 million in new funding at a $15 billion valuation, another sign that capital is still flowing toward larger crypto platforms.

For Blockchain Capital, the $700 million target points to confidence that there is still room to invest across the crypto stack, from early-stage startups to later-stage infrastructure and market businesses.

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