Blockchain Capital
Blockchain Capital is a venture capital firm founded in 2013 that invests in crypto and blockchain companies across seed, Series B, and growth stages, managing over $2 billion in assets for institutional LPs and supporting portfolio founders through its BCAP Build program.
- Company typePrivate
- Founded2013
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Blockchain Capital does
Blockchain Capital is a venture capital firm founded in 2013 by brothers Bart and Brad Stephens (originally operating as Crypto Currency Partners) that is purpose-built for the crypto and blockchain sector. Headquartered at 440 Pacific Avenue in San Francisco, the firm invests across seed, Series A, Series B, and growth stages and manages over $2 billion in assets across six historical funds totaling roughly $1 billion raised between 2014 and 2023, with a $580M sixth fund closed in 2023 and an April 2026 target to raise an additional $700M across a seventh early-stage fund and a second growth fund. Its portfolio spans more than 100 companies across CeFi (Coinbase, Kraken, Circle, Tether, Bitwise), DeFi (Aave, EigenLayer), consumer and social (OpenSea, Polymarket, Bluesky, World), decentralized infrastructure (Anchorage Digital, Safe, Camp Network, EigenLayer), blockchain intelligence (TRM Labs) and emerging-market payments (RedotPay, Yellow Card), with marquee outcomes including Coinbase's 2021 IPO (the first by a crypto company) and the Bison Trails acquisition by Coinbase, described as the largest crypto M&A exit.
Blockchain Capital does not develop proprietary technology products; its intellectual assets are its research publications (such as "The Art of Arbitrage"), industry expertise accumulated across multiple cycles, and a curated founder and service-provider network in the crypto ecosystem. Differentiated post-investment support is delivered through the BCAP Build program, which provides portfolio companies with three pillars of assistance — talent coaching and team scaling, go-to-market strategy (including tokenomics, PR, and partnerships), and access to a partner network of industry-leading service providers. The firm further deepens ecosystem engagement by acting as a genesis validator on Safe's Safenet Beta.
Revenue is generated through the standard venture fund structure: management fees on committed and invested capital across multiple funds, plus carried interest on profits from successful portfolio exits. Capital is raised from institutional investors, family offices, and accredited LPs through private placements — the firm does not distribute to retail — and it operates investor portals (sharesecurely.com; loop.blockchain.capital) and a media portal (mediaportal.blockchain.capital) for LP communications. The firm employs roughly 30–40 people across partners, investors, operating partners (CTO, COO, CFO/CCO, GC, Head of Capital Formation, Marketing Director), research, investor relations, and support functions.
Blockchain Capital firmographics
Firmographics- Name
- Blockchain Capital
- Legal name
- Blockchain Capital, LLC
- Website
- https://blockchaincapital.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Blockchain Capital is a venture capital firm founded in 2013 that invests in crypto and blockchain companies across seed, Series B, and growth stages, managing over $2 billion in assets for institutional LPs and supporting portfolio founders through its BCAP Build program.
- Ownership category
- akta.pro rank
Blockchain Capital industry classification
Industry- Product category
- Crypto Venture Capital and Fund Management
- NAICS
- Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940)
- SIC
- Finance Services (6199), Investment Advice (6282)
- akta.pro primary industry
- Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD), Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA)
Keywords
Where Blockchain Capital is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Blockchain Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fund Management (Management Fees): Blockchain Capital charges management fees on committed capital in its venture and growth funds, typical of VC fund structures. Fees support firm operations while capital is deployed.
- Carried Interest (Performance Fees): As a VC firm, Blockchain Capital earns carried interest on profits generated from successful portfolio exits, aligning GP and LP incentives.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Blockchain Capital product offering
Product offeringCore offering
Blockchain Capital is a venture capital firm that raises capital from institutional and accredited investors into multi-stage crypto and blockchain venture and growth funds, then deploys that capital into crypto-native companies across Seed, Series A, Series B, and Growth stages. The firm manages over $2 billion in assets under management across six funds and supports portfolio companies post-investment through its BCAP Build program, which provides talent coaching, go-to-market strategy, and a network of service providers.
Product overview
Blockchain Capital is a venture capital firm that has been investing in crypto and blockchain companies since 2013. The firm manages over $2 billion in assets and actively invests out of its sixth multi-stage fund. Blockchain Capital's primary offering is investment capital and venture funding across all stages (Seed, Series A, Series B, Growth) and sectors including DeFi, CeFi, Consumer, Decentralized Infrastructure, Gaming, and Identity. The firm's investment portfolio includes major crypto companies such as Coinbase, Kraken, Circle, Tether, EigenLayer, Polymarket, and World, among 100+ portfolio companies. The firm also provides post-investment support through BCAP Build, which offers founders three pillars of assistance: Talent (coaching and talent attraction), Go-to-Market (GTM strategy support including tokenomics, PR, and partnerships), and Partner Network (connections to industry-leading service providers and company-building workshops).
Differentiator
Problem solved
Functional benefit
Products and services
- Crypto Venture and Growth Funds
- BCAP Build Post-Investment Support Program
Quantifiable outcome
- Blockchain Capital portfolio company Coinbase became the first crypto company to go public in 2021
- +2 more outcomes
Companies that use Blockchain Capital
Customer profileNamed customers15 records
Segments1 record
Ideal customer profiles2 records
Blockchain Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blockchain Capital partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights6 records
Blockchain Capital competitors and assessment
Company assessmentDirect peers
- Polychain Capital: Polychain Capital is a crypto-native venture fund that invests in early-stage blockchain protocols and companies. It is a direct peer in early-stage crypto venture investing, with a comparable vintage and focus.
- Andreessen Horowitz (a16z crypto): a16z crypto is one of the largest dedicated crypto venture funds, investing across stages and verticals (DeFi, infrastructure, consumer). It competes directly with Blockchain Capital for top crypto founders and LP capital, with substantially larger fund sizes.
- Multicoin Capital: Multicoin Capital is a thesis-driven crypto venture fund investing in tokens and equity across the crypto stack. It is a direct peer in early-stage crypto venture mandates.
- Paradigm: Paradigm is a crypto-native investment firm focused on early-stage crypto companies and protocols, with deep research-led investing. It is one of the most direct competitors to Blockchain Capital in seed and Series A rounds across the crypto stack.
- Framework Ventures: Framework Ventures is a crypto-native venture fund that invests in early-stage blockchain companies and protocols. It is a direct peer in seed-stage and DeFi-focused crypto venture investing.
- 1kx: 1kx is a crypto-native investment firm that has co-led rounds with Blockchain Capital in companies like Camp Network, KOR Protocol, and Tally. It is a direct peer in seed and Series A crypto venture.
- Pantera Capital: Pantera Capital is one of the longest-running crypto-focused investment firms, managing multiple funds across venture, early-stage token, and liquid token strategies. It is a direct peer in vintage, mandate, and LP base.
- Galaxy Digital: Galaxy is a diversified crypto financial services and investment management firm, including Galaxy Ventures which deploys capital into crypto startups. It is a peer in crypto venture and growth investing and is run by Blockchain Capital advisor Mike Novogratz.
Broad incumbents
- Digital Currency Group: DCG is a holding company that builds, invests in, and acquires companies across the crypto ecosystem (including Grayscale and CoinDesk). It is a broad incumbent with overlapping venture exposure via its subsidiary funds and direct investments.
- Coinbase Ventures: Coinbase Ventures is the venture arm of Coinbase (a Blockchain Capital portfolio company) and invests across the full crypto stack. It is a strategic incumbent peer that competes for crypto deals while also being a strategic channel.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Blockchain Capital social profiles
Digital presenceBlockchain Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blockchain Capital leadership team
Management profileNumber of profiles
Profiles16 records
Blockchain Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blockchain Capital M&A and investment
M&A and investmentM&A
Investments241 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blockchain Capital
What does Blockchain Capital do?
Blockchain Capital is a venture capital firm that raises capital from institutional and accredited investors into multi-stage crypto and blockchain venture and growth funds, then deploys that capital into crypto-native companies across Seed, Series A, Series B, and Growth stages. The firm manages over $2 billion in assets under management across six funds and supports portfolio companies post-investment through its BCAP Build program, which provides talent coaching, go-to-market strategy, and a network of service providers.
Is Blockchain Capital a public or private company?
Blockchain Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Blockchain Capital founded?
Blockchain Capital was founded in 2013. It employs 11 to 50 people.
Where is Blockchain Capital based?
Blockchain Capital is headquartered in San Francisco, United States, in the North America region.
How does Blockchain Capital make money?
Two revenue lines are on record. Fund Management (Management Fees) is the primary driver. The others are carried Interest (Performance Fees).
Who are Blockchain Capital's main competitors?
Direct peers on record are Polychain Capital, Andreessen Horowitz (a16z crypto), Multicoin Capital, Paradigm, Framework Ventures, 1kx, Pantera Capital and Galaxy Digital. Broad incumbents are Digital Currency Group and Coinbase Ventures.
Does Blockchain Capital have an API?
No public API is recorded for Blockchain Capital.
What industry is Blockchain Capital in?
Blockchain Capital's product category is Crypto Venture Capital and Fund Management. Its primary akta.pro industry code is FSAGAMAA, Tokenization Platforms (RWA, Securities, Funds), with a secondary code of FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity). Its NAICS code is 5239 and its SIC code is 6199.