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Bloccelerate will launch a second $100 million cryptocurrency fund

Sep 11

Venture capital firm Bloccelerate will raise $100 million for its new fund. This is stated in a filing to the U.S. Securities and Exchange Commission. Bloccelerate VC Fund II has already raised $20 million from 26 investors since it opened Aug. 25. The investment has already surpassed the company's first $12 million fund, launched in December 2020.

Founded in 2018, Bloccelerate has invested in smart contracts platform MakerDAO, blockchain company Avalanche, audit firm Quantstamp and infrastructure blockchain startup BlockApps. The firm specializes in tokenseals, pre-seedings and Series A financing rounds.