Bloccelerate to Launch a Second $100M Crypto Fund

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Venture capital firm Bloccelerate has just announced it intends to raise $100 million to launch a new crypto fund, which would be the company's second.

According to the filing with the US Securities and Exchange Commission (SEC), the Bloccelerate VC Fund II has already raised $20 million from 26 investors since its opening last August 25.

The investment volume has exceeded by $12 million that of the company's first fund, which was launched back in December 2020.

Bloccelerate has invested in smart contracts platform MakerDAO, Avalanche, auditing firm Quantstamp and blockchain infrastructure startup BlockApps.

The company specializes in token sales, pre-seed and Series A funding rounds.

One of the largest investment firms in the US, Invesco, announced in late summer the launch of a venture fund focused on virtual worlds.

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