VC firm Bloccelerate aims to raise $100 million for new fund

Deals•September 9, 2022, 1:07PM EDT
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VC firm Bloccelerate aims to raise $100 million for new fund

Quick Take

  • Venture capital firm Bloccelerate wants to raise $100 million for a new fund, according to a filing with the Securities and Exchange Commission.

  • The firm has already raised $20 million since it opened the fund at the end of August.

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Bloccelerate aims to raise $100 million for its new investment fund, the venture capital firm said in a new filing with the Securities and Exchange Commission.

The Seattle-based VC raised $20 million for the new fund as of Aug. 25, according to the filing. It's the latest in a string of venture capital fundraising and spending for the digital asset space, undeterred by the slump in cryptocurrency prices over the past several months. Bloccelerate did not immediately respond to a request for comment.

The firm focuses on blockchain products and services and has invested in Ethereum, BlockApps and Maker. It participates in Seed, Series A and Token investments.

Bloccelerate was founded in 2018 and announced the close of its first $12 million fund in Dec. 2020.