Today Blockchain Capital announced the closing of its $300 million fifth venture fund, which included investment from PayPal, Visa, pension funds and university endowments. To date, the venture firm has invested in more than 110 startups, including Coinbase, custodian bank Anchorage, NFT site Opensea and DeFi protocols Aave and Nexus Mutual.
PayPal and Visa are participating in Blockchain Capital’s strategic partnership program, which will benefit its startups.
“PayPal is committed to fostering an ecosystem of companies making digital currencies more accessible, useful and secure,” said Jose Fernandez da Ponte, VP, general manager blockchain, crypto and digital currencies, PayPal. “Investing in Blockchain Capital’s new fund allows us to engage with the entrepreneurs driving the future of the decentralized economy and the new wave of financial services.”
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