Difference between revisions of "Blockchain Capital"

Revision as of 03:40, 13 June 2023

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.
According to this thread (16-2-2023):

"Total Balance$87.2m • $21.7m $MATIC • $18.4m $AAVE • $15.7m $UNI • $11m $ETH • $5m $RPL • $3.6m $LDO • $3m $1INCH Smaller positions ($100k-$1m) include: $SUSHI, $NXM, $BAL, $GAMMA, $OHM, $PERP."

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
EigenLayer; led their Series A of $50M (28-3-2023)
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).
Lens; part of the $15M raise by Aave (6-2023).
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).
Rocket Pool; has someone of their company being a paid multi-sig signer(18-2-2023).

@@ Line 19: / Line 19: @@
 *[[Espresso Systems]]; is [https://www.espressosys.com/about#s4 mentioned] on their website as an investor, while the project has no tokens out yet (25-10-2022).
 *[[Kine (KINE)|Kine]]; [https://kine.io/ listed] as one of the backers (15-3-2021).
+*[[Lens Protocol|Lens]]; part of the [https://decrypt.co/143789/lens-protocol-raises-15-million-to-expand-decentralized-social-media $15M raise] by [[Aave (AAVE)|Aave]] (6-2023).
 *[[Nexus Mutual]]; [https://www.coindesk.com/defi-insurer-nexus-mutual-nxm-token-sale-collider participated] in a [[token]] sale of $2.7M (16-2-2021).
 * [[Matter Labs]]; part of the [https://decrypt.co/114774/matter-labs-raises-200m-scale-ethereum-zksync-solution $200M series C] (16-11-2022)