June 23, 2021 Blockchain Capital launches new $300M fund backed by PayPal and Visa.

The venture capital firm, Blockchain Capital, has announced a new $300M fund that includes PayPal and Visa as limited partners, alongside unnamed university endowments and pension funds. The announcement now means that the VC firm has in excess of $1.5B in assets under management across its five funds. Spencer Bogart, a General Partner at the the firm, stated that the fund will focus on early-stage equity investments across the DeFi and NFT sectors but will not be investing in cryptoassets directly.