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 == | ||
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*[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). | ||
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*[[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) | *[[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). | ||
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* [[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, | == 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 | ||
Latest revision as of 15:16, 25 September 2024
Basics
- Founded in 2013
- Got 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
- 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).
- Allora; mentioned as one of its backers (2-2-2024).
- 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
- Drift; part of the Series B (19-9-2024).
- 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).
- RedStone; is mentioned on their website as an investor. zkSync founders co-invested.
- Risk Zero
- 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).
- Shapeshift; one of the early backers
- UMA. Invested in UMA. Took also part in the Range Token raise for UMA of $2.66M (16-7-2021).
- Worldcoin; one of the early backers
- zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations.
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
- 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).
