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.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.