Blockchain Capital Targets $700 Million for New Crypto Venture Funds

Blockchain Capital is in the process of raising $700 million to expand its investment capabilities across the digital asset ecosystem. The capital will be split between a seventh early-stage fund dedicated to experimental projects and a second growth fund targeting mature companies with established traction. The firm, which manages over $2 billion in assets, has a track record of investing in industry pillars including Coinbase, Kraken, Circle, and Tether. This new initiative follows previous fundraising efforts that totaled $1 billion, with the current rounds expected to close within the next six months. The raise comes amid a complex funding environment. According to data from Messari, while the average deal size has increased nearly 50% over the last 30 days, total crypto fundraising in April dropped to $466 million, a sharp decline from the $3 billion recorded in March. Market analysts note that current trends show a heavy concentration of capital in late-stage 'mega-rounds' and debt financing. Notable examples include Core Scientific's $1 billion debt facility via Morgan Stanley and Polymarket's $600 million round, while the majority of other activity remains below the $10 million threshold. Despite the volatility, capital continues to flow toward fintech-adjacent services and institutional infrastructure. Platforms that bridge traditional finance and digital assets, such as OpenFx and Slash, remain primary targets for high-value investment as the industry matures.