Blockchain Capital is in the process of raising $700 million for two new funds and has already deployed some of the new capital

BlockBeats News, April 23rd, according to Bloomberg, citing people familiar with the matter, cryptocurrency venture capital firm Blockchain Capital is in the process of raising $700 million for two new funds.

The source stated that the company is simultaneously raising funds for its seventh early-stage fund and second growth fund, and has already begun deploying some of the new capital. The fundraising round is expected to be completed within five to six months.