Blockchain Capital Raising $700M for Two Crypto Funds

Blockchain Capital is raising $700 million for two new crypto funds, according to a person familiar with the matter. The firm plans a seventh early-stage vehicle and a separate growth fund for companies with greater market traction.

Fundraising is expected to be completed within six months. The firm has already started deploying some of the new capital while finalizing commitments.

The early-stage fund will target experimental and seed-stage projects. The growth fund is aimed at companies that have passed initial product-market fit and need larger, later-stage checks to scale.

Blockchain Capital has previously raised about $1 billion dedicated to crypto investments and manages more than $2 billion in assets. Past investments include crypto exchanges and major stablecoin issuers.

Market data from a market intelligence platform shows the average crypto funding deal size has risen nearly 50% over the last 30 days, while total capital raised in April fell to roughly $466 million from about $3 billion in March.

Large transactions have skewed recent headline figures. A $1 billion post-IPO debt financing and a roughly $600 million undisclosed round accounted for a sizable share of inflows. Analysts noted capital concentration is heavily skewed by debt and late-stage mega-rounds, which masks a more modest median deal size; most funding activity remains in the sub-$10 million range.

Institutional infrastructure and fintech-adjacent services continue to attract larger rounds. Recent high-value raises have gone to companies that offer payment rails, cross-border settlement or regulatory-compliant custody and trading solutions.

Blockchain Capital did not immediately respond to requests for comment. The firm’s managers are expected to deploy the new funds into both seed-stage experiments and later-stage firms seeking expansion capital over the coming months.