Cryptocurrency9 minutes ago (Jun 23, 2021 03:30AM ET)PayPal and Visa Back Blockchain Capital’s $300M Fund
- Blockchain Capital has raised $300M in its fifth capital-raise round.
- As per reports, payment giants Visa (NYSE:V) and PayPal also took part.
- Major investors continue to show interest in blockchain tech despite the market downturn.
Monday: Blockchain Capital has just wrapped up funding for its Fund V LP. As per the latest reports, Visa and PayPal also took part in the funding round.
Raising over $300 million, major investors oversubscribed to Blockchain Capital’s fund. This is likely because there is still high interest in blockchain technology and the opportunities it will create. This is despite the current market low crypto is going through. Many university endowments, hedge funds, and family offices made their way to the capital-raising round besides Visa and PayPal.
The company’s co-founder and managing partner Bart Stephens shared his delight on closing the VC’s fifth successfu…
This article was first published on coinquora.com