Blockchain Capital

Blockchain Capital (formerly Crypto Currency Partners) is a venture capital company. The company was founded in October 2013 by Bart Stephens, Bradford Stephens and Brock Pierce, chairman of the Bitcoin Foundation.[1] Blockchain Capital is one of the most active and oldest venture investors in blockchain technology with a portfolio of more than 70 projects financed and $275M assets under management.[2]

Blockchain Capital
TypePrivate
IndustryPrivate Equity
Founded2013
FounderP. Bart Stephens, W. Bradford Stephens, and Brock Pierce
HeadquartersSan Francisco, CA, United States
Key people

ProductsVenture capital funds
Websitewww.blockchain.capital

History

Blockchain Capital pioneered the world’s first tokenized investment fund and the blockchain industry’s first security token, the BCAP, which was sold through a security token offering in April 2017. Blockchain Capital held this initial coin offering (ICO) as an experiment, which helped the company to raise $10 million in just six hours.[3][4][5]

Blockchain Capital raised $150 million in 2018, with the help of its ICO, having reached a $250 million valuation of venture capital assets. A major contributor was Ripple, which invested $25 million of its XRP cryptocurrency in the $150 million fund.[6]

The fund has invested in several unicorn companies, including Ripple, Ethereum, and Coinbase.[7]

References
  1. Levy, Ari (2017-10-17). "Crypto venture firm Blockchain Capital is raising $150 million for two funds". CNBC. Retrieved 2019-06-03.
  2. "Jamie Dimon should do 'some homework' on crypto, says Blockchain Capital VC". Fortune. Retrieved 2019-06-03.
  3. "Openfinance opens up US trading of third-party digital assets". TechCrunch. Retrieved 2019-06-03.
  4. Kastelein, Richard (2017-03-24). "What Initial Coin Offerings Are, and Why VC Firms Care". Harvard Business Review. ISSN 0017-8012. Retrieved 2019-06-03.
  5. Griffith, Erin (2017-11-09). "Cryptocurrency Mania Fuels Hype and Fear at Venture Firms". Wired. ISSN 1059-1028. Retrieved 2019-06-03.
  6. Chernova, Yuliya (2018-03-23). "After ICO 'Experiment,' Blockchain Capital Reverts to Standard VC Fund Structure". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-06-03.
  7. Levy, Ari (2017-10-17). "Crypto venture firm Blockchain Capital is raising $150 million for two funds". CNBC. Retrieved 2019-06-03.
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