Not many entities in the cryptocurrency world hold the stature which Blockchain Capital does, so big move like the blockchain capital funding that happened lately is a big deal.
Being a venture capital firm that has invested in successful companies such as Ethereum, Coinbase, Circle, and Kraken within 5 years of its inception, Blockchain Capital has set itself apart and has carved a niche that is at a much higher place than its other, various counterparts.
Therefore, it was no surprise when the San Francisco based entity itself was able to raise $150 million in the blockchain capital funding round, termed as Blockchain Capital IV, LP.
The firm has mentioned that this was its biggest funding round to date and has brought the total assets under management to be around $250 million.
Holding biggest funding round to date brings about more good news from blockchain capital
Along with the news of its exceptional funding round, Blockchain Capital also announced that it was promoting Spencer Bogart to Partner, from his previous position of Managing Director and Head of Research.
Having frequent appearances on CNBC and Bloomberg has given Bogart a sense of familiarity for cryptocurrency enthusiasts and experienced investors alike, the news of his success was met with a warm welcome among relevant sectors.
Bogart also mentioned that the funding which the firm has raised recently will allow the company to “match the right amount of capital to excellent deal flow.”
It was also mentioned by the company that it has brought longtime Bitcoin Core developer Jimmy Song on board as a Venture Partner, who (since his appointment in January), has been contributing to the firm with his in depth experience and expertise in the cryptocurrency industry.
The event of blockchain capital funding and positive signals
As more established and institutional money is stepping into the blockchain and cryptocurrency space through events like the blockchain capital funding of late and others , this provides positive and strong signals for the industry in the long term. Events like this shows that venture capitalists are confident in using the money of larger institutions to provide higher returns on their investment. Movements like these, indicates that they feel there is, or will be strong regulatory safety when placing their money in blockchain and cryptocurrency based investments. A signal that would bode well for the growth of the cryptocurrency industry overall.
About Blockchain Capital
Blockchain Capital was founded in 2013 with the mission of helping entrepreneurs build world class companies and projects based on blockchain technology. Our passion is providing founders with the tools they need to succeed: capital, domain expertise, partnerships, recruiting and strategy.
Blockchain Capital is one of the oldest and most active venture investors in the blockchain technology sector, and has financed 72 companies, protocols and tokens since its inception. We are multi-stage investors and invest in both equity and crypto assets.
Our view is that blockchain technology holds the promise to disrupt legacy businesses and create entirely new markets and business models. Our network of entrepreneurs, investors and advisors brings unrivaled resources to founders who want to leverage blockchain technology to change the world in profound ways.