Blockchain Capital, a cryptocurrency and blockchain focused venture capital firm, has raised $300 million for Fund V from investors including PayPal Holdings Inc (PYPL.O) and Visa Inc (VN).
Crypto money and blockcha-focused venture capital firm with a Blockcha the Capital Fund V for PayPal Holdings Inc. (PYPL.O) and Visa Inc (VN) has collected $ 300 million from investors including fund.
Founded in 2013, Blockchain Capital has invested in more than 110 companies to date, including cryptocurrency exchanges Coinbase and Kraken, as well as crypto platform Anchorage and NFT outlet OpenSea.
Bitcoin and several cryptocurrencies suffered a major crash last month, with bad news from China and Tesla’s suspension of using Bitcoin . The asset fell below the $30,000 level for the first time since January.
Blockchain Capital has announced that some investors in Fund V, including PayPal and Visa, will also participate in a strategic partnership program.
Blockchain Capital, which invests in both crypto and equity assets, said investments will focus on blockchain infrastructure, blockchain technology, NFTs and DeFi applications.