Difference between revisions of "Blockchain Capital"

Revision as of 03:54, 26 December 2022

Basics

Founded in 2013

Investments

2 investments per month average, 500k each on average, largest investment was 3.25M
Have invested in over 70 projects, of which around 43 were blockchain start-ups. For instance they invested in Coinbase, Kraken, Chain, Xapo, BTCC, ABRA, Blockstream, Gem, BitGo, Bitfury and Ripple. They invested in the first ICO ever, Mastercoin.
Invested in 0x, and Messari
Aave. Participated in a $25M funding round for Aave (12-10-2020).
Anchorage; part of a $80M fund raise (25-2-2021).
BadgerDAO; was one of four parties that took part in buying a total of $21M worth of assets from the treasury (8-3-2021).
Balancer Labs; part of a $24.5M raise (8-6-2021).
Blocknative; part of their $15 million in Series A (16-12-2022).
Blockstack. As of 8-2019 still invested in Blockstack
Celestia; participated in their $55M raise (20-10-2022).
Civic. Invested in Civic
Espresso Systems; is mentioned on their website as an investor, while the project has no tokens out yet (25-10-2022).
Kine; listed as one of the backers (15-3-2021).
Nexus Mutual; participated in a token sale of $2.7M (16-2-2021).
Matter Labs; part of the $200M series C (16-11-2022)
Paraswap. Participated in a $2.7M seed round for Paraswap (17-9-2020).
Safe; part of the $100M funding round (12-7-2022).
Securitize. Has backed Securitize in a recent $12.5M Series A; Securitize is a primary issuance platform for asset-backed security tokens on the blockchain. Again participated in their $48M Series B (21-6-2021).
UMA. Invested in UMA. Took also part in the Range Token raise for UMA of $2.66M (16-7-2021).
zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations.

Team, inverstors, etc.

Pierce, Brock; founder
Stephens, Bart; Stephens Inv. Mgmt., Ivanhoe Capital, E*Trade Group, #2 U.S. Long/Short Hedge Fund 2004*, 2002 through 2012, $500 Million AUM, 23.5x SIM Capital Partners, LP, 56.9% IRR
Stephens, Brad; Stephens Inv. Mgmt., Fidelity Ventures, CSFB, #2 U.S. Long/Short Hedge Fund 2004*, 2002 through 2012, $500 Million AUM, 23.5x SIM Capital Partners, LP, 56.9% IRR
Bogart, Spencer; Needham and Company, ETF.com, CFA, First and only Wall Street analyst covering Bitcoin and Blockchain
Gardner, Jeremy; as an entrepreneur-in-residence and investor.
Had ICO on 9-4-2017 for a venture capitalist company, its third venture capitalist that they start. Made its target of 10 million in a couple of days.

Partners

Is a client of Argon Group
Is a sponsor of Coin Center
Is participating in governance of Bounce (4-9-2020).

@@ Line 10: / Line 10: @@
 *[[Badger DAO (BADGER)|BadgerDAO]]; was [https://badger.substack.com/p/badger-dao-weekly-newsletter-13 one of four] parties that took part in buying a total of $21M worth of assets from the treasury (8-3-2021).
 *[[Balancer (BAL)|Balancer]] Labs; part of a [https://fernandocmartinelli.medium.com/balancer-labs-partners-with-key-investors-in-24-25m-token-purchases-a128c325aa78 $24.5M raise] (8-6-2021).
+*[[BlockNative|Blocknative]]; part of their [https://decrypt.co/117398/a-leading-post-merge-ethereum-block-builder-blocknative-raises-15-million $15 million in Series A] (16-12-2022).
 *[[Blockstack]]. As of 8-2019 still [https://messari.io/asset/blockstack invested] in [[Blockstack (STX*)|Blockstack]]
 *[[Celestia]]; participated in their [https://blog.celestia.org/celestia-raises-55m-to-launch-modular-blockchain-network/ $55M raise] (20-10-2022).