According to a recent filing with the U.S. SEC (Securities and Exchange Commission) on September 8, Bloccelerate, a venture capital firm announced to raise $100 million for its new fund.
As per the filing, on August 25, the Seattle-based Venture firm has already raised $20 million from 26 investors for the new fund. Despite the dropdown in crypto prices throughout the course of several months, it’s the most recent in a line of capital fundraising and spending for the digital asset domain.
The organisation has made an investment in BlockApps, Ethereum and Maker and is also focused on products and services related to blockchain technology. Moreover, it also takes part in Seed, Series A and Token investment.
Bloccelerate was established in 2018 and in December 2020, the firm reported the end of its first $12 million fund.