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Finance

European VC Blossom Capital Raises $432M Fund For Tech, Crypto Investments

The firm has earmarked one-third of the capital for crypto investments.

By Parikshit Mishra
AccessTimeIconJan 18, 2022 at 7:04 a.m. UTC
Updated May 11, 2023 at 5:54 p.m. UTC
(Philipp Dase/Getty)
(Philipp Dase/Getty)

London-based venture capital (VC) firm Blossom Capital has raised a $432 million fund to invest in early-stage technology startups in Europe, including crypto.

  • Blossom III would be the largest Series A fund in Europe, the firm said in a press release on Tuesday. The VC has earmarked one-third of the fund for crypto investment.
  • Bloomberg had earlier reported on the new fund.
  • Blossom Capital was founded in 2019 by managing partner Ophelia Brown and has raised a total of around $1 billion. The firm, which has a team of six, also added Alex Kim as managing partner recently.
  • “We aren’t looking to just invest in crypto assets, we are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” Brown said in the Bloomberg report.
  • One of Blossom Capital's most notable investments in the crypto sphere is payments infrastructure company Moonpay. In November, Moonpay raised $555 million at a valuation of $3.4 billion.
  • The round was led by Coatue and Tiger Global with participation from Blossom Capital, Paradigm, NEA and Thrive.
  • The VC has also invested in video scaling platform api.video, automation firm Aurelia, and payments portal Checkout.com, according to its website.
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    • Read more: Payments Infrastructure Firm MoonPay Raises $555M at a $3.4B Valuation

    UPDATE (Jan. 18, 09:09 UTC): Updates the sourcing throughout the story, adds further details from Blossom.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Parikshit Mishra
    Parikshit Mishra

    Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

    Follow @parikshitm899 on Twitter