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Crypto-focused venture capital firm Blockchain Capital is in the process of raising another $700 million for two new funds, according to Bloomberg, citing a person familiar with the matter.
The firm is raising capital for its seventh early-stage fund aimed at experimental or early-stage projects as well as a second growth fund, which covers more mature companies that already have some traction, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-22/blockchain-capital-said-to-seek-700-million-for-two-new-funds" rel="noopener noreferrer nofollow">reported</a> on Tuesday.
Blockchain Capital previously raised a total of $1 billion for crypto investments, the source said. The new funding rounds are expected to be completed in the next six months, but the firm has already begun deploying some of the new capital.
Venture capital funds often invest in crypto startups. Blockchain Capital has more than $2 billion in assets under management and has invested in crypto exchanges Kraken and Coinbase, and stablecoin issuers Circle and Tether.&nbsp;
Cointelegraph has contacted Blockchain Capital for comment.&nbsp;
<h2 id="average-fundraising-deal-size-up-50-in-the-past-30-days">Average fundraising deal size up 50% in the past 30 days</h2>
Despite a crypto market slump, the average crypto funding deal size is up nearly 50% over the last 30 days, <a href="https://messari.io/fundraising" rel="noopener noreferrer nofollow">according</a> to market intelligence platform Messari.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019db8d2-e192-78dc-9ae8-2ea001e7e8a1.png" alt="Blockchain Capital is raising $700M for 2 new funds: Report">
 <figcaption>The average crypto funding deal size is up nearly 50% over the past 30 days. Source: <a href="https://messari.io/fundraising" rel="noopener noreferrer nofollow">Messari</a>
 </figcaption>
</figure>
However, crypto projects have raised only $466 million so far in April, <a href="https://cointelegraph.com/news/crypto-funding-up-50-percent-despite-fewer-deals" rel="noopener noreferrer nofollow">down from $3 billion in March</a>, with Bitcoin miner and artificial intelligence infrastructure company Core Scientific's $1 billion debt financing through investment bank Morgan Stanley the largest deal of the last two months.
“Capital concentration is heavily skewed by debt and late-stage mega-rounds, masking a more modest median deal size,” Messari analysts said.
“While total capital inflows were bolstered by massive transactions like Core Scientific’s $1 billion post-IPO debt financing and Polymarket’s $600 million undisclosed round, the majority of activity remains in the sub-$10 million range,” they added.
Related: <a href="https://cointelegraph.com/news/switzerland-crypto-valley-funding-rose-37-percent-2025-ton-led-deals" rel="noopener noreferrer nofollow">Switzerland’s Crypto Valley funding rose 37% in 2025 as TON led deals</a>
Monthly <a href="https://cointelegraph.com/news/depin-revenues-grow-despite-token-losses" rel="noopener noreferrer nofollow">crypto fundraising</a> has cooled significantly since its peaks in November 2021 and May 2022, when funding consistently exceeded $4 billion per month.
However, according to Messari, institutional infrastructure and fintech-adjacent crypto services such as financial platform Slash and cross-border payment company OpenFx are still attracting high-value raises, with capital flowing toward platforms that bridge traditional finance and digital assets.
Magazine: <a href="https://cointelegraph-magazine.com/fix-insider-trading-polymarket-kalshi/" rel="noopener noreferrer nofollow">How to fix suspected insider trading on Polymarket and Kalshi</a>

Blockchain Capital is raising $700M for 2 new funds: Report

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