Crypto VC Firm Blockchain Capital Raises $580 Million (1)

Crypto-focused Blockchain Capital has raised $580 million across two new funds, one of the biggest raises for the asset class this year and the largest for the venture firm in its 10-year history.

Blockchain Capital, which has an existing $2 billion in assets under management, will use the fresh capital to back crypto startups in areas including decentralized finance and gaming as well as infrastructure, general partner Kinjal Shah said in an interview with Bloomberg News.

One of the funds, which is called Fund VI, is dedicated to new and early-stage companies; the other, the Opportunity Fund, will be used ...