Bloccelerate to Launch Second $100M Crypto Fund

Bloccelerate to Launch Second $100M Crypto Fund

Bloccelerate will launch the second $100M Crypto Fund

Venture capital firm Bloccelerate will raise $100M for its new fund. This is stated in the application to the US Securities and Exchange Commission.

Bloccelerate VC Fund II has already raised $20 million from 26 investors since the opening on August 25. The volume of investment has already exceeded the company's first fund of $12 million, launched in December 2020.

Founded in 2018, Bloccelerate has invested in smart contract platform MakerDAO, blockchain Avalanche, audit company 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, one of the largest US investment companies Invesco announced the launch of a fund for investments in companies focused on virtual worlds .

Earlier, Shima Capital launched a $200 million fund focusing on decentralized social networks, DAOs, DeFi, blockchain games and metaverses.

Recall that in July, crypto-venture firm Variant raised $450 million to two new funds.

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