Coinbase backer Blockchain Capital hunts $700 million for new funds

What Happened

Blockchain Capital, a San Francisco-based cryptocurrency venture firm backed by Coinbase, is raising $700 million for its seventh early-stage and second growth funds. The funding round, expected to close within five to six months, follows a $580 million raise in 2023. The firm manages $2 billion in fee-bearing assets and over $6 billion total portfolio value.

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