Blockchain Capital is one of the first and most active venture investors in the blockchain technology sector. The firm, led by brothers Bart and Brad Stephens, was formed in 2013 when it was called Crypto Currency Partners and is now a global leader funding.
San Francisco-based Blockchain Capital has assets under management in excess of $2 billion across various funds. Its mission is very straightforward: work with founder-driven teams to create the next generation of decentralized technologies.
A Crypto-First Portfolio to Be Proud of
Blockchain Capital has been crypto since day one. Its investments include early stakes in now-famous businesses, such as Coinbase, Kraken, Aave, OpenSea, Arweave, Anchorage Digital, and EigenLayer.
In addition to its investment in Parastate, Blockchain Capital has invested in over 100+ crypto companies worldwide, from seed-stage to late-stage, including Harbor, a pioneer in the tokenization of real estate.
A Growth & Innovation Journey Through History
• 2013: Bart and Brad Stephens founded it after benefiting from the world’s first ICO (Mastercoin).
• 2014: Closed its inaugural $1M fund, and then a $12M ultimate fund.
• 2016: Parity Technologies receives a grant from the Ethereum Foundation for one of the first software projects in the Ethereum space.
• 2017: Siacoin $10M tokenized fund launched, BCAP, a security token, was created.
• 2018–2021: Expanded with various institutional funds, including a $300M fifth fund.
• 2023: Raised a sixth $580M early-stage fund and Opportunity fund.
Now, Blockchain Capital is actively investing out of its sixth multi-stage fund.
Products & Services
Blockchain Capital brings more than capital — they are a full-on ecosystem for crypto builders:
• Venture investments: Seed, Series A/B, growth, and exit-stage investments for equity and token projects.
• BCAP Build program: A network providing early-stage resources such as hiring, GTM strategy, and partnerships.
• Tokenised investment vehicles: BCAP security token — one of the earliest tokenised VC funds.
• Research & thought leadership: Co-authored posts and insights on tokenomics, DAOs, user experience, and more.
Deep Bench of Crypto Know-How
Blockchain Capital’s human capital is one of its most extraordinary features. The team includes:
• Founders: Bart and Brad Stephens — veteran VCs and founding partners.
• General Partners: Aleks Larsen and Spencer Bogart — investing in everything.
• Partners: Yuan Han Li and Jonah Burian — Interested in due diligence, research, and new blockchain opportunities.
• Advisors/Backers: 45+ leaders from PayPal, VISA, Galaxy, Ethereum Foundation, and more.
Core Philosophy & Culture
• Founder First: Investment in founder-led companies with long-term vision.
• Utility-First Investing: Focus on tokens that have actual utility, rights, and governance structures — not just for speculation.
• Full-Stack Support: It’s not just about the funding — it’s about strategic connectivity, team support, and go-to-market advice.
• Inclusive Culture: ~35 employees in a boutique structure, with a focus on remote/hybrid work, wellness, and crypto pay options.
Final Thoughts
Blockchain Capital is not only another VC firm; it is a leading crypto investor from before it was cool, established in 2013. With fat pockets, a wide portfolio, and property-based founder-first philosophy, it remains a springboard for the decentralized future’s leaders.
From building a new DeFi protocol to tokenizing assets to launching the next-gen social app, BC is a one-size-fits-all partner.
From its early tokenized fund to comprehensive research and a global network, Blockchain Capital is showing that long-term cryptocurrency investing can be thoughtful and meaningful.