Former ConsenSys venture exec launches $50 million fund, with backing from large family offices

Less than two months after starting the deck for it, Kavita Gupta — a former executive at ConsenSys – announced the close of the cryptocurrency market's last crypto fund: Delta Blockchain Fund.

The new vehicle closed after receiving about $50 million in commitments from a wide range of investors, Gupta told The Block in a phone interview. Delta Blockchain Fund will also uniquely be one of the few venture efforts led by a woman CEO. As a founding managing director, Gupta backed companies such as unicorn financial-services firm BlockFi and scaling technology company Starkware.


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Her new fund has already deployed capital to several startups across different categories of the crypto market, including non-fungible token projects like Swap Kiwi and Taker. Other investments include Nahmii, Monster Hunt, Metaverse AI, and FODL. These investments reflect the fund's mandate to back startups in the institutional, decentralized finance, blockchain-based gaming, and NFT spaces.

"Delta Blockchain Fund is a strategic partner for outstanding founders building products to scale and support a decentralized world irrespective of their chain solution," Gupta said in a statement. "We truly believe that the future will be on multi-chain, and we want to support various cross bridging scalable multi-chain solutions and dapps on them."

Gupta tapped into the mounting wave of institutional interest, counting large family offices such as Perle Venture, an Australian family office, and Skyvision, a Singapore firm. Other backers include crypto executives like Diogo Monica, founder of Anchorage; Richard Ma, founder of Quantstamp; and Samyak Jain of InstaDapp.

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Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected].