Blockchain Capital Raises $150 Million, Looks Beyond Financial Services

Blockchain Capital has raised $150 million in its fourth fundraising round, raising the total value of assets under the venture capital firm’s management to $250 million.

San Francisco-based Blockchain Capital’s portfolio already includes fintech companies such as Coinbase, Ripple, Circle, and Kraken. It has long been one of the blockchain industry’s leading firms, investing in 72 companies, tokens and protocols since it was founded in 2013.

This recent round is Blockchain Capital’s largest to date. It came in two parts: $125 million for the Blockchain Capital IV LP fund and $25 million worth of cryptocurrency for Blockchain Capital Parallel Fund IV. It did not disclose what kind of tokens the latter fund accepted, just that it only takes crypto.

Co-founder and managing partner Bart Stephens told CoinDesk the firm is especially interested in non-fungible tokens, like the virtual pet game CryptoKitties, as well as diverse blockchain solutions. He said:

“You’re going to see us continue to invest globally in the leading crypto companies, but also kind of the next generation of entrepreneurs and sectors outside of financial services. We’ve made investments in healthcare companies, in logistics companies, in identity management. To date we’ve seen a lot of focus on financial services and we really see that broadening.”

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