Difference between revisions of "Blockchain Capital"

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== Basics ==
== Basics ==
* Founded in 2013
* Founded in 2013
*Got [https://twitter.com/ErikVoorhees/status/1703983054262616117 praised] by [[Erik Voorhees]] (19-9-2023):
''"Blockchain Capital was one of the early investors in ShapeShift. They were patient and helpful, despite our brutal challenges, and they are aligned with the ethos of crypto."''


== Investments ==
== Investments ==
* 2 investments per month average, 500k each on average, largest investment was 3.25M  
* 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 (Company)|Coinbase]], [[Kraken]], [[Chain (Company)|Chain]], [[Xapo]], [[BTCChina|BTCC]], [[ABRA]], [[Blockstream]], [[Gem]], [[Bitgo|BitGo]], [[BitFury|Bitfury]] and [[Ripple (XRP)|Ripple]]. They invested in the first [[ICO]] ever, [[Omni (OMNI)|Mastercoin]].  
* Have invested in over 70 projects, of which around 43 were [[blockchain]] start-ups. For instance they invested in [[Coinbase (Company)|Coinbase]], [[Kraken]], [[Chain (Company)|Chain]], [[Xapo]], [[BTCChina|BTCC]], [[ABRA]], [[Blockstream]], [[Gem]], [[Bitgo|BitGo]], [[BitFury|Bitfury]] and [[Ripple (XRP)|Ripple]]. They invested in the first [[ICO]] ever, [[Omni (OMNI)|Mastercoin]].  
*According to this [https://twitter.com/ThorHartvigsen/status/1626204769189605377 thread] (16-2-2023):
''"Total Balance$87.2m • $21.7m $[[Polygon (MATIC)|MATIC]] • $18.4m $[[Aave (AAVE)|AAVE]] • $15.7m $[[Uniswap (UNI)|UNI]] • $11m $[[Ethereum (ETH)|ETH]] • $5m $[[RPL]] • $3.6m $[[LDO]] • $3m $[[1INCH]] Smaller positions ($100k-$1m) include: $[[SushiSwap (SUSHI)|SUSHI]], $[[Nexus Mutual (NXM)|NXM]], $[[Balancer (BAL)|BAL]], $[[GAMMA]], $[[Olympus (OHM)|OHM]], $[[PERP]]."''
*[https://messari.io/asset/0x#profile Invested] in [[0x Protocol (ZRX)|0x]], [https://messari.io/organization/messari and] [[Messari]]
*[https://messari.io/asset/0x#profile Invested] in [[0x Protocol (ZRX)|0x]], [https://messari.io/organization/messari and] [[Messari]]
*[[AAVE|Aave]]. [https://decrypt.co/44653/aave-raises-25-million-to-bring-defi-to-institutions Participated] in a $25M funding round for [[Aave]] (12-10-2020).
*[[AAVE|Aave]]. [https://decrypt.co/44653/aave-raises-25-million-to-bring-defi-to-institutions Participated] in a $25M funding round for [[Aave]] (12-10-2020).
*[[Allora]]; [https://medium.com/allora-network/introducing-allora-a-self-improving-decentralized-ai-network-1bd4516fa868 mentioned] as one of its backers (2-2-2024).
*[[Anchorage]]; part of a [https://www.coindesk.com/anchorage-newly-cleared-as-us-crypto-bank-raises-80m-from-a16z-and-others $80M fund raise] (25-2-2021).
*[[Anchorage]]; part of a [https://www.coindesk.com/anchorage-newly-cleared-as-us-crypto-bank-raises-80m-from-a16z-and-others $80M fund raise] (25-2-2021).
*[[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).
*[[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).
*[[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]]
*[[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).
*[[Celestia]]; participated in their [https://blog.celestia.org/celestia-raises-55m-to-launch-modular-blockchain-network/ $55M raise] (20-10-2022).
*[[Civic]]. [https://www.civic.com/company/ Invested] in [[Civic (CVC)|Civic]] 
*[[Civic]]. [https://www.civic.com/company/ Invested] in [[Civic (CVC)|Civic]] 
*[[Drift]]; part of the [https://x.com/driftprotocol/status/1836752136614658325 Series B] (19-9-2024).
*[[EigenLayer]]; [https://twitter.com/eigenlayer/status/1640754971435229184 led] their Series A of $50M (28-3-2023)
*[[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).
*[[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).
*[[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).
*[[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)
* [[Matter Labs]]; part of the [https://decrypt.co/114774/matter-labs-raises-200m-scale-ethereum-zksync-solution $200M series C] (16-11-2022)
*Paraswap. [https://decrypt.co/42120/defi-project-paraswap-raises-2-7-million-to-scale-out Participated] in a $2.7M [[seed]] round for [[Paraswap]] (17-9-2020).
*Paraswap. [https://decrypt.co/42120/defi-project-paraswap-raises-2-7-million-to-scale-out Participated] in a $2.7M [[seed]] round for [[Paraswap]] (17-9-2020).
*[[RedStone]]; is [https://redstone.finance/ mentioned] on their website as an investor. zkSync founders co-invested.
*[[Risk Zero]]
*[[Safe (SAFE)|Safe]]; part of the [https://decrypt.co/104908/digital-asset-platform-safe-announces-100m-fundraise $100M funding round] (12-7-2022).
*[[Safe (SAFE)|Safe]]; part of the [https://decrypt.co/104908/digital-asset-platform-safe-announces-100m-fundraise $100M funding round] (12-7-2022).
*Securitize. Has backed Securitize in a recent $12.5M Series A;<strong> </strong>[[Securitize]] is a primary issuance platform for asset-backed security [[tokens]] on the blockchain. Again [https://twitter.com/CoinDesk/status/1406957154486079488 participated] in their $48M Series B (21-6-2021).
*Securitize. Has backed Securitize in a recent $12.5M Series A;<strong> </strong>[[Securitize]] is a primary issuance platform for asset-backed security [[tokens]] on the blockchain. Again [https://twitter.com/CoinDesk/status/1406957154486079488 participated] in their $48M Series B (21-6-2021).
*[[ShapeShift (FOX)|Shapeshift]]; one of the [https://twitter.com/ErikVoorhees/status/1703983054262616117 early backers]
*UMA. [https://umaproject.org/about.html Invested] in [[UMA]]. Took also part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for [[UMA (UMA)|UMA]] of $2.66M (16-7-2021).
*UMA. [https://umaproject.org/about.html Invested] in [[UMA]]. Took also part in the [https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e Range Token] raise for [[UMA (UMA)|UMA]] of $2.66M (16-7-2021).
*[[Worldcoin (WLD)|Worldcoin]]; one of the [https://twitter.com/ErikVoorhees/status/1703983054262616117 early backers]
*zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations.
*zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations.


== Team, inverstors, etc. ==
== Team, investors, etc. ==
* [[Brock Pierce|Pierce, Brock]]; founder
* [[Brock Pierce|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, 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
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* Is a sponsor of [[Coin Center]]
* Is a sponsor of [[Coin Center]]
* Is [https://medium.com/@bouncefinance/now-lets-bounce-1e438fe49e89 participating] in [[governance]] of [[Bounce]] (4-9-2020).
* Is [https://medium.com/@bouncefinance/now-lets-bounce-1e438fe49e89 participating] in [[governance]] of [[Bounce]] (4-9-2020).
*[[Rocket Pool (RPL)|Rocket Pool]]; has someone of their company being a [https://twitter.com/ChrisBlec/status/1626677951742763027 paid multi-sig signer](18-2-2023).
[[Category:Companies/Organisations]]
[[Category:Companies/Organisations]]

Latest revision as of 15:16, 25 September 2024

Basics

"Blockchain Capital was one of the early investors in ShapeShift. They were patient and helpful, despite our brutal challenges, and they are aligned with the ethos of crypto."

Investments

"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."

Team, investors, 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

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