Blockchain Capital

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).