Visa, PayPal Join Roster As Blockchain Capital Bags $580M For Crypto Ventures
Portfolio Pulse from Murtuza Merchant
Blockchain Capital, a crypto-centric venture firm, has raised $580 million through two new funds, marking its largest fundraising effort to date. The company plans to use these funds to support crypto startups in various sectors. Notable investors in Blockchain Capital include Visa Inc. and PayPal Inc. The firm has historically invested in entities like Worldcoin, Kraken, and OpenSea. Despite regulatory challenges in the U.S., the firm remains committed to token investments.
September 18, 2023 | 7:46 pm
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PayPal Inc. is an investor in Blockchain Capital, which has raised $580 million for crypto ventures.
As an investor in Blockchain Capital, PayPal may see indirect benefits from the successful deployment of the raised funds into profitable crypto ventures. This could potentially enhance PayPal's own financial performance and reputation in the crypto space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Visa Inc. is an investor in Blockchain Capital, which has raised $580 million for crypto ventures.
As an investor in Blockchain Capital, Visa may see indirect benefits from the successful deployment of the raised funds into profitable crypto ventures. This could potentially enhance Visa's own financial performance and reputation in the crypto space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70