Home Blockchain Blockchain Capital Raises $300 Million for Fund V

Blockchain Capital Raises $300 Million for Fund V

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“We’re extremely honored to welcome a world class group of buyers into Fund V who respect the worth of a agency devoted to a single {industry}. As founders ourselves, we all know how arduous it’s to construct firms, protocols and, certainly, an entire new {industry},” mentioned P. Bart Stephens, co-founder and managing associate of Blockchain Capital.

Choose buyers in Fund V might be collaborating in Blockchain Capital’s strategic partnership program – together with PayPal and Visa. Blockchain Capital is ready to leverage its industry-leading community, analysis capabilities and {industry} contacts to profit these funds firms in addition to Blockchain Capital’s portfolio firms.

“PayPal is dedicated to fostering an ecosystem of firms making digital currencies extra accessible, helpful and safe,” mentioned Jose Fernandez da Ponte, vice chairman, normal supervisor blockchain, crypto and digital currencies, PayPal. “Investing in Blockchain Capital’s new fund permits us to interact with the entrepreneurs driving the way forward for the decentralized economic system and the brand new wave of economic providers.”

Blockchain Capital believes the ensuing synergies will create immense worth to enterprises, startup founders and buyers alike.

“We’re centered on enhancing all types of cash motion, whether or not on the Visa community, or past,” mentioned Vasant Prabhu, chief monetary officer, Visa Inc. “By our relationship with Blockchain Capital, we’re deepening our efforts to form and assist the function that digital currencies play sooner or later.”

Lastly, Blockchain Capital introduced the promotion of Aleks Larsen to associate. “Aleks has been an unimaginable investor at Blockchain Capital and made associate at age 26. Blockchain Capital displays the values of the bigger crypto {industry} that’s centered on advantage and expertise no matter age or background,” mentioned Brad Stephens, co-founder and managing associate of Blockchain Capital.

About Blockchain Capital

Blockchain Capital was based in 2013 with the mission of serving to entrepreneurs construct world-class firms and tasks based mostly on blockchain know-how – offering founders with the instruments they should succeed: capital, area experience, partnerships, recruiting and technique.  Blockchain Capital is likely one of the earliest and most energetic enterprise buyers within the blockchain {industry} and has financed greater than 110 firms and tasks since its inception. The corporate invests in each fairness and crypto belongings and is a multi-stage investor. Blockchain Capital additionally pioneered the world’s first ever tokenized funding fund and by extension the blockchain {industry}’s very first safety token, the BCAP, which the corporate offered by way of a safety token providing in April of 2017. Blockchain Capital believes that blockchain know-how holds the promise to disrupt legacy companies and create entire new markets and enterprise fashions. It invests in firms who share Blockchain Capital’s mission to leverage blockchain know-how to alter the world in profound methods. For extra data, please electronic mail [email protected], go to www.blockchaincapital.com or name 415-677-5340.

SOURCE Blockchain Capital

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