What is Blockchain Capital raising $700M for?

Blockchain Capital is raising $700 million across two new funds, including an early-stage fund for startups and a growth fund for more mature crypto companies. The capital will be deployed into projects at different stages of development. The fundraising is expected to close within six months.

Why is Blockchain Capital launching both early-stage and growth funds?

The firm is targeting the full lifecycle of crypto companies, from experimental startups to scaled businesses with traction. Early-stage funds capture high-risk, high-upside opportunities, while growth funds focus on more established firms. This dual strategy helps diversify returns across market cycles.

Has Blockchain Capital already started investing the new funds?

Yes, the firm has reportedly begun deploying some of the capital even before the fundraising is fully completed. This suggests strong deal flow and confidence in current market opportunities. Early deployment can also help secure competitive investments.

How big is Blockchain Capital in the crypto VC space?

Blockchain Capital manages over $2 billion in assets and has previously raised around $1 billion for crypto investments. It has backed major companies like Coinbase, Kraken, Circle, and Tether. This track record positions it as a top-tier crypto VC.

What does this fundraising signal about the crypto market right now?

Despite a broader market slowdown, large funds raising capital suggest continued long-term confidence in crypto. Venture firms are still backing infrastructure and fintech-adjacent projects. This indicates the market is shifting from hype to more targeted investment themes.

Why are crypto funding deal sizes increasing even as total funding drops?

According to Messari, average deal sizes have risen nearly 50% in the past 30 days. This is partly due to large late-stage deals and debt financing skewing the data. However, most deals still remain relatively small, typically under $10 million.

How does current crypto funding compare to previous cycles?

Crypto fundraising has cooled significantly from its 2021–2022 peaks, when monthly funding often exceeded $4 billion. In April 2026, only $466 million has been raised so far. This reflects a more cautious and selective investment environment.

What types of crypto projects are still attracting capital?

Investors are focusing on infrastructure, fintech integration, and services that connect traditional finance with crypto. Examples include payment platforms and institutional tools. These areas are seen as more sustainable than purely speculative projects.

Blockchain capital seeks $700M for new funds

Written by BloombergPublished Apr. 23 2026

Blockchain Capital is raising $700 million for two new crypto-focused investment funds, according to a report citing sources familiar with the matter.

The firm is structuring the raise across an early-stage fund for emerging projects and a growth fund aimed at more established companies with market traction.

The funding rounds are expected to close within six months, though the firm has already begun deploying portions of the capital, the report said.

Blockchain Capital, which manages more than $2 billion in assets, has previously backed companies including Kraken, Coinbase, Circle and Tether.

The move comes amid mixed signals in crypto venture funding, with overall capital raised declining in April compared with March despite a rise in average deal size.

Analysts at Messari said capital flows remain concentrated in large late-stage deals, masking more modest activity across smaller startups.

Institutional infrastructure and fintech-focused crypto services continue to attract funding, suggesting sustained investor interest in projects bridging traditional finance and digital assets.