Blockchain Capital, a venture capital firm investing in technology startups, plans to raise $ 250 million to launch a new investment fund.
Raising finances for a new fund that receivedcalled Fund V, will last the entire first quarter of this year. The company plans to distribute the millions received among 35-45 technology startups. The fund will invest 75% in the equity capital of blockchain companies and 25% in crypto assets.
Founded in 2013, the company entered the blockchain market early and invests in both joint stock and cryptocurrency assets.
Blockchain Capital took part in the 75 millionthCoinbase funding series in 2015. In 2018, the company announced the allocation of $100 million to support projects using the EOS network.
During its existence, the company has increasedmanaged capital of up to $ 295 million. The first three funds with capital of $ 173 million consistently show high returns. And in the Fund IV launched in 2018, the company managed to raise $ 150 million.