$13 million! Blockchain Capital’s second fund is oversubscribed

Venture capital firm Blockchain Capital has closed its second fund to invest in bitcoin and blockchain technology startups, raising $13 million.

According to Forbes, this round of fundraising exceeded the original planned goal of $10 million. As early as last June, the company raised $7 million in its first round of funding.

Brad Stephens, managing partner of the firm, said in a statement:

“We are excited to announce the closing of our second fund so we can continue to support world-class entrepreneurs who are using blockchain technology to disrupt traditional industries and create new products and services for users around the world.”

Blockchain Capital also announced a new AngelList consortium in partnership with Flight Ventures, whose previous investments include PayPal, LinkedIn, Indiegogo, and AngelList.

In addition, the company also announced the appointment of new advisory board members, including Alison Davis, former chief financial officer of Barclays Global Investments, Terry Schwakopf, senior consultant of Deloitte, John Wolpert, global blockchain leader of IBM, and Bobby Lee, CEO of Bitcoin exchange BTCC.

Blockchain Capital, formerly known as Crypto Currency Partners, was founded by Bitcoin Foundation Chairman Brock Pierce and venture capitalists Bart and Brad Stephens.

Since its founding, Blockchain Capital has invested more than $15 million in 37 Bitcoin and blockchain companies. The venture capital firm’s portfolio companies include Abra, Blockstream, Coinbase, Ripple, and Wave.

Original article: http://www.coindesk.com/blockchain-capital-raises-13-million-for-second-startup-fund/
By Daniel Palmer
Compilation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/blockchain-capital-13-million)