Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds

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Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds
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Most of the firm's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans

. Bitcoin , for example, has spent almost the entire last six months locked in the $25,000-$30,000 range.

Most of Blockchain Capital's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans, the firm's head of capital formation Jason Di Piazza told CoinDesk in an emailed statement.

"Additionally, we have non-traditional, strategic investors who are category leaders within their specific sectors," Di Piazza said."While these investors are generally more tactical in their fund commitments, the long-term nature of our funds lead to long-term partnerships that can help accelerate growth opportunities and improve competitive positioning for our fund's companies and protocols.". They have yet to commit to either of the new ones, the firm told CoinDesk.

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