Blockchain Capital seeks to raise $700M for new funds

Crypto venture capital firm Blockchain Capital is seeking to raise a total of $700 million for two new funds, Bloomberg reported, citing anonymous sources. The fundraising is expected to conclude within the next five to six months, though the specific target amounts for each fund have not been confirmed. Blockchain Capital has previously invested in companies such as Coinbase, Kraken, and Tether, and the total value of its managed portfolio is $6 billion.