Blockchain Capital announces first close of $7.5 Million on new fund

Blockchain Capital today announced the first closing of its second venture capital fund and rebranding from Crypto Currency Partners, according to Managing Partner Brad Stephens.

The firm's second fund has raised $7 Million in a first close and will continue to invest in blockchain-enabled technology companies over the next 12 to 24 months. Blockchain Capital's initial fund with 29 portfolio companies was the first venture fund dedicated to investing in the sector. The fund also pioneered accepting capital calls in bitcoin and funding portfolio companies in bitcoin.

The firm also announced the appointment of Alison Davis to chair its advisory board. Alison is a current director of the Royal Bank of Scotland (RBS) and Firserv. She is a former board member of First Data, Xoom, and City National Bank. Davis was previously CFO of Barclays Global Investors (now BlackRock), making her one of the most senior female executives on Wall Street.