Blockchain Capital Returns to Crypto with $700M in New Funds

Blockchain Capital's $700 Million New Fund Plan

Crypto-focused venture capital firm Blockchain Capital is preparing to raise $700 million for two new funds. According to Bloomberg citing a source close to the matter, the seventh early-stage fund will focus on experimental projects, while the second growth fund will target more mature companies. The early-stage fund targets innovative blockchain protocols and DeFi projects, while the growth fund will focus on scalable infrastructures. The company has previously raised a total of $1 billion for crypto investments and manages assets exceeding $2 billion. The new funds are expected to be completed in the next six months, and some capital has already begun to be deployed.

Blockchain Capital's Star Investments: Kraken and Coinbase

Blockchain Capital has invested in platforms like Kraken, BTC Detailed Analysis ecosystem-integrated Coinbase, Circle, and Tether. These investments demonstrate the company's vision in crypto infrastructure. Especially exchanges like Kraken, active in the BTC Futures Trading market, are increasing institutional demand. These successes reinforce the interest that the new funds will attract.

Crypto Fundraising Trends: Average Deal Size Increased by 50%

According to Messari data, despite the stagnation in the crypto market, the average fundraising deal size increased by 50% in the last 30 days. This indicates that investors are being selective. In April, a total of $466 million was raised, showing a significant drop from $3 billion in March.

Average crypto fundraising deal size increased by 50% in the last 30 days. Source: Messari

April's Biggest Deal and Market Analysis

The month's biggest deal was Core Scientific's $1 billion debt financing through Morgan Stanley. Analysts note that capital is concentrating in debt and late-stage large deals, while the median deal size remains modest. Institutional infrastructure and fintech bridge projects continue to attract interest. This trend could support Layer-2 solutions like ETH Detailed Analysis.