Blockchain Capital Raises $13 Million for Second Startup Fund

Blockchain Capital Raises $13 Million for Second Startup Fund

Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m. According to Forbes, the fundraise was oversubscribed, having had an original target of $10m. The announcement follows Blockchain Capital's $7m fund, revealed last June. The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects. Brad Stephens, managing partner for the firm, said in a statement: "We are excited to announce the closing of our....


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Blockchain Capital Seals Second Startup Fund after Raising $13 Million

Venture capital firm Blockchain Capital has announced the closure of its second fund used for investments in bitcoin- and blockchain-companies after fundraising $13 million in total. Blockchain Capital, a venture capital firm that set the precedent as the first investment fund for the digital currency industry has sealed its second startup fund for $13 million. A press release revealed that the second fund has already been used for investments in 2015, with a total of 23 bitcoin and blockchain technology companies invested into. In a statement, managing partner and co-founder Brad Stephens....

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