Founded in 2013 by Bart Stephens, Bradford Stephens and Brock Pierce, Blockchain Capital is one of the oldest venture capital firms in the blockchain industry. General Partner Spencer Bogart joined the firm in 2017.
Formerly known as Crypto Currency Partners, Blockchain Capital has invested in over 55 equities and tokens, including Abra, Kin, 0x, LedgerX, Ripple and Xapo, and in startups including Blockstream, Coinbase and Ripple Labs among others. The firm invests in companies across multiple stages, from the inception of startups to already-established corporations.
Blockchain capital closed a $13 million investment fund for bitcoin and blockchain startups in 2016. In 2017, the firm announced that it would raise its next fund through an initial coin offering (ICO) of an ethereum-based token dubbed BCAP. The token represented shares in its Blockchain Capital III Digital Liquid Venture Fund. Blockchain Capital raised $10 million in six hours.
In January 2018, bitcoin developer Jimmy Song joined the firm as a venture partner. Later that year, Blockchain Capital raised $150 million, with $125 million going to its Blockchain Capital IV Venture Fund and $25 million worth of cryptocurrency to its Blockchain Capital Parallel Fund IV. The $25 million worth of cryptocurrency was later revealed to be in the form of XRP, which was invested in the fund by Ripple Labs. The fund was the first to accept capital calls in cryptocurrency.
Pierce departed the firm in April 2017 — amicably, according to the company.
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