BroadChain获悉，April 23, 19:16, according to CoinDesk, Blockchain Capital is raising a total of $700 million for its seventh early-stage fund and second growth fund, with the fundraising expected to be completed within the next five to six months. The venture capital firm, headquartered in San Francisco, has invested in well-known crypto projects such as Coinbase.
The scale of this fundraising is significantly larger than previous rounds, reflecting a gradual recovery in the crypto venture capital market after the 2022 bear market. As a veteran fund in the industry, Blockchain Capital's fundraising moves are seen as a key barometer of market confidence.
If the fundraising is successful, Blockchain Capital will have more ample capital to bet on early-stage blockchain startups and growth-stage companies, further solidifying its leading position in the crypto investment space. This move may also prompt other venture capital firms to follow suit in fundraising, accelerating capital flow in the industry.