Blockchain Capital announces closing of second fund of $13M

Investing | January 28, 2016 By:

Blockchain Capital announced the closing of its second fund of $13 million.

“This is definitely going to be the first breakout year where you see substantial investment in blockchain technology outside of financial services, even including Bitcoin. And you’re going to see the use of other blockchains beyond Bitcoin, such as these permissioned ledgers that a lot of financial institutions are interested in, but also even other public blockchains like Ethereum,” said Blockchain Capital cofounder and managing partner Brock Pierce.

The company also formed an Angel List syndicate that invests alongside the fund, giving smaller accredited investors the opportunity to participate in the same deals as the hedge funds and CEOs, with investments as small as $1,000.

Blockchain Capital is a venture capital company.