Data from Messari shows that the average crypto fundraising deal size has surged nearly 50% over the past 30 days, even as total capital raised has declined sharply month over month. This shift suggests capital is increasingly concentrated in fewer, larger deals rather than being widely distributed across startups.
Blockchain Capital is making a bold move to capitalize on renewed momentum in the digital asset sector, as it reportedly seeks to raise $700 million across two new investment funds.
Dual-fund strategy shows long-term bet on crypto
According to a report by Bloomberg, the firm is simultaneously raising capital for its second growth-stage fund and its seventh early-stage fund. The dual approach reflects a strategy aimed at capturing value across the full lifecycle of crypto startups, from emerging projects to more mature companies scaling operations.
Blockchain Capital, a venture-capital firm that invests in crypto, is in the process of raising $700 million for two new funds, according to a source https://t.co/PUuUC15NRk
— Bloomberg (@business) April 22, 2026
Sources familiar with the matter say the firm has already begun sending portions of the capital, even as fundraising continues. The process is expected to wrap up within the next five to six months, signaling strong early traction with investors.
With roughly $2 billion in fee-bearing assets under management, Blockchain Capital has built a reputation as one of the most active and consistent backers in the industry. Its website includes heavyweight names such as Coinbase, Circle, Polymarket, and Tether.
The firm has maintained its deal-making pace in recent months, most recently leading a $12 million funding round for Paxos Labs, a move that underscores its continued conviction in blockchain infrastructure and financial applications.
VC funding rebounds, but challenges persist
The fundraising push comes amid a broader resurgence in crypto venture capital activity. Data from The Block shows that VC funding climbed sharply to $2.42 billion in March, up from $683.6 million in February and $1.31 billion in January.
Meanwhile, Crypto venture capital activity saw a sharp structural shift in 2025, with total funding surging to an estimated $40–50 billion, marking a 433% increase from the previous year. However, the rise in capital came alongside a steep decline in deal volume, showing a clear concentration of funding into fewer, but significantly larger, rounds across the industry.
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