Blockchain Capital announces first closing of $7 millionbr>
On Tuesday, June 23, Blockchain Capital announced the first closing of its second venture capital fund and rebranding from Crypto Currency Partners.
The firm’s second fund has raised $7 million in a first close and will continue to invest in blockchain-enabled technology companies over the next 12 to 24 months. The fund also pioneered accepting capital calls in bitcoin and funding portfolio companies in bitcoin.
Some of the firm’s active investments include BitFury, BitGo, BitPesa, BlockCypher, Blockstream, Chain, ChangeTip, Coinbase, Coinsetter, Gem, GoCoin, ItBit, PeerNova, Ripple, and Xapo. The fund recently had its first exit as authentication service Authy was sold to Twilio.
The firm also announced the appointment of Alison Davis to chair its advisory board. Alison is a current director of the Royal Bank of Scotland (RBS) and Firserv. She is a former board member of First Data, Xoom, and City National Bank.
Blockchain Capital started the first dedicated venture fund to invest in blockchain-enabled technology companies.