Block to Launch Second $100M Crypto Fund
- September 10, 2022
- 0
Venture capital firm Bloccelerate will raise $100 million for its new fund. This is stated in the filing with the U.S. Securities and Exchange Commission. Bloccelerate VC Fund
Venture capital firm Bloccelerate will raise $100 million for its new fund. This is stated in the filing with the U.S. Securities and Exchange Commission.
Bloccelerate VC Fund II has already raised $20 million from 26 investors since it opened on August 25. The volume of investments has already surpassed the company’s $12 million initial fund launched in December 2020.
Founded in 2018, Bloccelerate has invested in smart contract platform MakerDAO, blockchain Avalanche, audit firm Quantstamp, and blockchain infrastructure startup BlockApps.
The firm specializes in token sales, pre-seed and Series A funding rounds.
At the end of the summer, Invesco, one of the largest investment companies in the USA, announced that it has launched a fund for investments in companies focused on virtual worlds.
Previously, Shima Capital created a $200 million fund focused on decentralized social networks, DAO, DeFi, blockchain games and metadata centers.
Recall that in July, crypto startup Variant raised $450 million for two new funds.
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Source: Fork Log
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