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<p class="is-style-lead">Blockchain Capital secures a record $580 million in new funding to invest in emerging and later-stage crypto initiatives, focusing on decentralized finance, gaming, and blockchain infrastructure.</p> 
<p>The freshly obtained investment will be channeled towards budding and innovative startups specializing in diverse crypto sectors. This includes the trending decentralized finance (DeFi), crypto gaming, and the foundational infrastructure of these domains.</p> 
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   <p lang="en" dir="ltr">We're thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund.<br><br>Together, they total $580 million and serve to reinforce our commitment to leading the global transition to decentralized, blockchain-based systems. ↓<a href="https://t.co/Vr2uYnGlF7" target="_blank">https://t.co/Vr2uYnGlF7</a></p>— Blockchain Capital (@blockchaincap) <a href="https://twitter.com/blockchaincap/status/1703788962538815709?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 18, 2023</a>
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<p>The San Francisco-based VC firm secured its funding through two novel funds. The firm’s portfolio, already boasting $2 billion in managed assets, is set to diversify even further.&nbsp;</p> 
<p>Distinguishing their investment strategies, <a href="https://crypto.news/blockchain-capitals-twitter-account-hacked/">Blockchain Capital</a> has segmented the funds. Fund VI targets emerging startups, while the Opportunity Fund is oriented towards more mature, later-stage ventures.</p> 
<p>The venture firm’s investment circles contain eminent names like Visa Inc., PayPal Inc., and the Teacher Retirement System of Texas. The specifics surrounding the fundraising remain undisclosed.</p> 
<p> You might also like: <a href="https://crypto.news/vc-spectra-aims-to-redefine-crypto-investments-amid-market-uncertainty/"> VC Spectra aims to redefine crypto investments amid market uncertainty </a> </p> 
<h2 class="wp-block-heading" id="a-glance-at-blockchain-capital-s-past-endeavors">A glance at Blockchain Capital’s past endeavors</h2> 
<p>Blockchain Capital’s prior investments have illuminated the crypto landscape with names like Worldcoin, Kraken, and the NFT market giant OpenSea. Even with the NFT market showing some turbulence, the firm remains optimistic, highlighting the broader applications of NFTs, such as embedding financial products or real estate dealings onto the blockchain.</p> 
<p>As the U.S. continues to present regulatory challenges for crypto-based ventures, <a href="https://twitter.com/_kinjalbshah" target="_blank" rel="noopener">Kinjal Shah</a>, a general partner at the firm, <a href="https://www.bloomberg.com/news/articles/2023-09-18/crypto-vc-firm-blockchain-capital-raises-580-million-for-two-new-funds?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener">mentioned</a> an observable interest shift in companies looking at overseas expansions. With the sudden downfall of Silicon Valley Bank earlier this year, U.S. startups are diversifying their banking associations. Simultaneously, regions like Europe and specific Asian sectors are emerging as the new epicenters for crypto advancements.</p> 
<p> Read more: <a href="https://crypto.news/croatia-launches-platform-for-investment-in-pig-nfts/"> Croatia launches platform for investment in pig NFTs </a> </p>

Blockchain Capital secures $580m funding for defi and crypto gaming ventures

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