Blockchain Capital Raises $13 Million for Second Startup Fund
Venture capital firm Blockchain Capital has raised $13m for its second investment fund for bitcoin and blockchain technology ventures.
Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m.
The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects.
Brad Stephens, managing partner for the firm, said in a statement:
In addition to the close, Blockchain Capital announced the creation of a new AngelList syndicate in partnership with Flight Ventures, which has invested in firms like PayPal, LinkedIn and Indiegogo, as well as AngelList.
, formerly known as Crypto Currency Partners, is led by Bitcoin Foundation chairman Brock Pierce and venture capitalists Bart and Brad Stephens.
Since its founding, Blockchain Capital has invested in 37 bitcoin and blockchain industry startups and raised more than $15m. Blockchain Capital's portfolio includes startups such as Abra, Blockstream, Coinbase, Ripple and Wave.
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