Blockchain Capital (formerly Crypto Currency Partners) is a venture capital company founded in 2013 by brothers Paul Bartlett Stephens and William Bradford Stephens. As the first, dedicated venture capital firm exclusively focused on investing across the blockchain ecosystem, Blockchain Capital is one of the most active and experienced venture investors in blockchain technology.
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2013 |
| Founder | P. Bart Stephens, W. Bradford Stephens |
| Headquarters | San Francisco, CA, United States |
| Products | Venture capital funds |
| AUM | $2B |
| Website | www.blockchain.capital |
History
editIn 2013, Blockchain Capital became the first venture capital fund dedicated to crypto builders. The company also 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. [1][2][3]
The company invested in several notable category leaders, including Opensea, Kraken, Ethereum, and Coinbase.[4]
Today, Blockchain Capital has $2B in assets under management across five fully invested funds and two current investment funds, focuses solely on venture investing (no trading, shorting or hedging), and has backed over 170+ founders since inception. They now have offices in both San Francisco and NYC.
References
edit- ^ "Openfinance opens up US trading of third-party digital assets". TechCrunch. May 16, 2019. Retrieved June 3, 2019.
- ^ Kastelein, Richard (March 24, 2017). "What Initial Coin Offerings Are, and Why VC Firms Care". Harvard Business Review. ISSN 0017-8012. Retrieved June 3, 2019.
- ^ Griffith, Erin (November 9, 2017). "Cryptocurrency Mania Fuels Hype and Fear at Venture Firms". Wired. ISSN 1059-1028. Retrieved June 3, 2019.
- ^ Levy, Ari (October 17, 2017). "Crypto venture firm Blockchain Capital is raising $150 million for two funds". CNBC. Retrieved June 3, 2019.