Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi
Sept 18. 2023
By Tristan Greene
The funds include $380 million for early stage investments and a $200 million "opportunity fund."
Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.
The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere.
According to a press release from Blockchain Capital:
“The end game is to elevate personal empowerment by granting individuals control over their digital and financial lives through innovative blockchain-enabled applications and services. It’s this vision of a democratized and distributed future that guides our passion and investment decisions.”
The funds’ combined $580 million will be split, with $380 million reportedly going to the early stage fund and the rest earmarked for the opportunity fund. It’s unclear at this time exactly what types of projects the investment fund will prioritize.
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