Blockchain Capital

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.

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

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

• Crypto venture capital
• Blockchain fund management
• Institutional investment funds
• Seed stage investing
• Growth equity capital

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. 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.
2. 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

Core 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

Named customers15 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Xx.com/blockchaincap
• GitHubgithub.com/BlockchainCap
• LinkedInlinkedin.com/company/crypto-currency-partners-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments241 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockchain Capital