March 17, 2017
By: Mike Dautner
Blockchain Capital, a highly regarded venture capital firm investing in blockchain technology companies, recently announced its goal to raise its third fund through a combination of a limited partnership called Blockchain Capital III, LP and an auxiliary fund offered through a digital token referred to as the BCAP.
In accordance with its aim to drive innovation in the blockchain industry, the partners included decided to pursue a parallel offering of Ethereum-based tokens, that would essentially represent an evergreen fractional ownership in a new fund called Blockchain Captial III Digital Liquid Venture Fund, LP.
“Blockchain Capital is the first venture fund to offer its own digital tokens and it’s expected to be a major disruption to the venture capital industry,” said Brock Pierce, Managing Partner of Blockchain Capital. “We’re providing the investor base across the globe with the opportunity to invest into a leading venture fund via a liquid, tradable, digital token. We also believe we are democratizing access to an asset class traditionally only available to elite institutional investors.”
“In this environment of minimal IPOs, giving investors a new liquidity mechanism through this innovative, smart contract-driven, token technology is a unique and important value proposition,” said Brad Stephens, Managing Partner of Blockchain Capital.
The main purpose of the investment will be to continue Blockchain Capital’s already placed practice of identifying outstanding blockchain tech companies led by inspiring management teams and pairing with them to jumpstart growth.
Blockchain Capital’s portfolio to date comprises 43 one of a kind companies form its prior two funds. Some of these include BitFury, BitGo, BitPesa, BlockCypher, Blockstream, Chain, Coinbase, Gem, GoCoin, ItBit, PeerNova, Ripple, Wave, Xapo plus more.