Blockchain Capital and Electric Capital raise $880M for crypto investments amid growing industry interest

Crypto venture firm Blockchain Capital has raised two new funds totaling $580 million for potential investments in infrastructure, DeFi, and gaming. The funds include $300 million for early-stage ventures and a $200 million "opportunity fund." Additionally, crypto VC firm Electric Capital is also raising $300 million for its third fund. The former investors of DCG and Blockchain Capital have launched a $20 million early-stage fund at crypto advisory firm Reverie. This news comes as the crypto industry continues to attract significant funding despite the market environment. Overall, these developments reflect the growing interest and investment in the crypto space.

#Blockchain Capital#DeFi#Electric Capital#DCG#Reverie