Blockchain Capital is aiming to raise $700 million across two new crypto-focused investment funds, continuing its long-standing strategy of backing early-stage and growth-stage blockchain companies. According to reports, the firm is simultaneously fundraising for its seventh early-stage fund and its second growth fund, with capital deployment already underway.
The San Francisco-based venture firm currently manages around $2 billion in fee-generating assets and oversees a broader portfolio valued at more than $6 billion. The new fundraising effort is expected to close within five to six months, reflecting strong institutional interest despite a still-maturing crypto market environment.
Founded by Bart Stephens and Brad Stephens, Blockchain Capital has built a reputation as one of the earliest institutional investors in the digital asset space. Its portfolio includes some of the most influential companies in the industry, such as Coinbase, Circle, Polymarket, and Tether.
The firm’s last major fundraising round in 2023 raised $580 million, split between early and late-stage funds. The upcoming raise would bring its cumulative capital raised in crypto investments to approximately $1.7 billion.
Institutional Capital Continues to Shape Crypto Venture Growth
Blockchain Capital’s investor base is heavily institutional, including university endowments, sovereign wealth funds, and US pension funds. This composition has helped position the firm as a bridge between traditional finance and the crypto ecosystem.
In recent activity, Blockchain Capital led a $12 million funding round for Paxos Labs, underscoring its continued focus on infrastructure and regulated blockchain applications.
Crypto VC Funding Rebounds but Challenges Remain
Venture capital activity in the crypto sector has shown signs of recovery. Industry data indicates that funding rose to $2.42 billion in March, a sharp increase from $683.6 million in February. The rebound suggests renewed investor confidence following a period of capital contraction.
However, market participants remain cautious. Some industry leaders warn that while capital is returning, fundraising conditions are still selective and competitive, particularly for emerging funds without established track records.
As Blockchain Capital advances its dual-fund strategy, the firm is positioning itself to capitalize on renewed momentum in digital asset investment while maintaining its focus on long-term infrastructure and ecosystem growth.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
