Blockchain Capital
Venture capitalActively deployingSan Francisco · Seed–Growth · 45 people tracked
Also known as BCAP · Blockchain Capital QP · BLOCKCHAIN CAPITAL, LLC
Investment thesis
Blockchain Capital positions itself as a long-standing partner to crypto builders, investing since 2013 across the blockchain ecosystem. Its focus spans decentralized finance (DeFi), centralized finance (CeFi), consumer crypto applications, decentralized and centralized infrastructure, and digital identity. The firm backs companies from seed through growth stages, reflecting a broad commitment to the crypto and web3 landscape.
Source: firm website, verified Aug 3, 2026.
Team · 45 people
from the firm's website & public directories
What they invest in
from 39 of 128 portfolio companiesCrypto & Web3 ×32Fintech ×23Enterprise Software ×8Data & Infrastructure ×7AI & Machine Learning ×6Developer Tools ×6Cloud Computing ×4Consumer ×3
HQs:United States×23United Kingdom×1
Investments · 128 tracked
founders shown can be your intro pathBitGo provides institutional-grade digital asset infrastructure including custody, trading, wallet services, and stablecoin management for financial institutions and enterprises.
Crypto & Web3Enterprise SoftwareFintech<UNKNOWN>, US
Michael A. Belshe(Executive Officer, Director)Chen Fang(Executive Officer, Director)Krishna Juvvadi(Executive Officer)Ed Reginelli(Executive Officer)J. WILLIAM LEE(Director)ANTONIO GRACIAS(Director)
Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.
Crypto & Web3FintechLos Angeles, US
Brian Armstrong(Founder/CEO)in
Securitize provides tokenization solutions for real-world assets, serving asset managers, Web3 firms, DAOs, advisors, and investors.
Crypto & Web3Fintech
Carlos Domingo(Founder & CEO)in
Allora Labs builds decentralized AI infrastructure that gives developers access to a self-improving collective intelligence network.
AI & Machine LearningCrypto & Web3Data & Infrastructure
World is a decentralized protocol providing universal proof of human identity for the internet, along with financial infrastructure and a native token called WLD, operated through the World App and World Chain blockchain.
Crypto & Web3FintechSector AgnosticSan Francisco, US
Sam Altman(Chairman)Alex Blania(CEO)Max Novendstern
Tiburon, US
Board seatSpencer Bogart· per SEC Form D · $15M raise · filed Dec 2022
Boulder, US
Niel Robertson(Executive Officer, Director, Promoter)
Board seatSpencer P. Bogart· per SEC Form D · $5M raise · filed Nov 2020
Santa Clara, US
Yuan Han Li(Director)David Garrett(Director)Zijing (Michael) Gao(Executive Officer, Director, Promoter)Wei Dai(Director)Tina Ju(Executive Officer, Director, Promoter)Kuo Wei Chang(Director)
Board seatYuan Han Li· per SEC Form D · $30M raise · filed Apr 2024
Brooklyn, US
Yuan Han Li(Director)Nikhil Raghuveera(Executive Officer, Director)Jesse Sawa(Executive Officer, Director)
Board seatYuan Han Li· per SEC Form D · filed Jan 2026
Matter Labs builds Prividium, an Ethereum-secured blockchain platform designed for banks and financial institutions to issue, settle, and manage digital assets with privacy and compliance controls.
Crypto & Web3Enterprise SoftwareFintechGeorge Town, Grand Cayman
Alex Gluchowski(Executive Officer, Director)Christopher Burniske(Director)Aleksandr Vlasov(Director)
Board seatAleks Larsen· per SEC Form D
New York, US
Charles Cascarilla(Executive Officer, Director)Bhaumik Kotecha(Executive Officer, Director)
Board seatYuan Han Li· per SEC Form D · $12M raise · filed Jan 2026
Radar Relay provides a crypto app for tracking token movements across decentralized exchanges, chains, and liquidity pools in real time.
Crypto & Web3Fort Collins, US
Alan Curtis(Manager)Michael Roth(Manager)Caleb Tebbe(Manager)Devin Eldridge(CFO)
Board seatCaleb Tebbe· per SEC Form D · $3M raise · filed Dec 2017
Birmingham, US
Keith Hamlin(Director)Justin Poiroux(Executive Officer, Director)Jason Marshall(Executive Officer)Christopher Maurice(Executive Officer, Director)Joshua Rosenthal(Director)
Board seatAleks Larsen· per SEC Form D · $34.2M raise · filed Sep 2024
Decentralized lending protocol; early and continued core holding.
Across is a blockchain bridge that enables fast token transfers between different blockchain networks.
Crypto & Web3Fintech
Anchorage Digital is a global cryptocurrency platform providing institutions with custody, staking, trading, governance, and settlement services, along with security infrastructure.
Crypto & Web3Enterprise SoftwareFintechNew York, US
Diogo Mónica(Co-founder)Nathan McCauley(Co-founder)
Arweave is a decentralized ecosystem that offers grants and investment opportunities through various organizations including non-profits, DAOs, and venture studios to support projects and developers building on its network.
Cloud ComputingCrypto & Web3Data & InfrastructureFintechLondon, GB
Sam Williams(Founder & CEO)
Coinbase Developer Platform provides cryptocurrency infrastructure including payments, wallet management, and on-chain development tools for businesses of any size to build and scale crypto-based applications.
Crypto & Web3Developer ToolsFintechSaaSSan Francisco, US
Nicholas Chirls(Director)Aaron Henshaw(Director)Joseph Lallouz(Executive Officer, Director)
Bitwise Investments provides professionally managed cryptocurrency funds and investment products for institutional and individual investors.
Crypto & Web3FintechSan Francisco, US
Katherine Dowling(Executive Officer)Matt Hougan(Executive Officer)Teddy Fusaro(Executive Officer)Corey Mulloy(Director)Hong Kim(Executive Officer, Director)Hunter Horsley(Founder & CEO)
Blockstream develops Bitcoin wallet and hardware security solutions, including a mobile app and Jade hardware wallet for self-custody of digital assets.
Crypto & Web3FintechHardware
Celestia designs and operates custom, high-throughput blockchain infrastructure for enterprises, separating compute and storage to enable independent scaling.
Cloud ComputingCrypto & Web3Enterprise Software
Mustafa Al-Bassam(Chairman & CEO, Celestia Foundation)Nick White(Co-founder & CEO, Celestia Labs)Preston Evans(CTO, Celestia Labs)
Chain provides infrastructure for enterprises to move money between stablecoins and fiat currencies at scale through direct access to banking and card networks.
Crypto & Web3Fintech
Social Bitcoin tipping service (ChangeCoin), acqui-hired by Airbnb.
Circle provides a full-stack platform for digital finance, combining blockchain infrastructure, stablecoins (USDC, EURC), and payment networks to enable borderless value exchange and financial access globally.
AI & Machine LearningCrypto & Web3Fintech
Jeremy Allaire
CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain.
Crypto & Web3Data & InfrastructureFintech
EigenCloud is a developer platform providing cryptographic trust primitives for applications and AI agents through verifiable computation, inference, and data availability backed by slashable stake on EigenLayer.
AI & Machine LearningCrypto & Web3Developer Tools
Sreeram Kannan(Founder)
Espresso Systems builds Ethereum infrastructure and blockchain systems with a focus on practical solutions for developers and users within the crypto ecosystem.
Cloud ComputingCrypto & Web3Data & InfrastructureDeveloper Tools
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Blockchain Capital invest at?
- Blockchain Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is Blockchain Capital's typical check size?
- Blockchain Capital typically writes checks of $25K – $200K.
- What sectors does Blockchain Capital focus on?
- Blockchain Capital focuses on Crypto & Web3, Fintech.
- Where is Blockchain Capital located?
- Blockchain Capital is headquartered in San Francisco, US.
- Does Blockchain Capital lead rounds?
- Yes, Blockchain Capital leads investment rounds.
From the blog
visit blog ↗Blockchain Capital has written about AI agents paired with stablecoins enabling new economic structures, the importance of brand and narrative in tech companies, and how successful crypto founders navigate the transition from exploiting temporary market arbitrage to building durable institutions. AI summary
Media · Podcasts & interviews
featuring the teamBlockchain Capital's $580M Dollar Bet on Crypto | Spencer Bogart & Aleks Larsen
Empire · Spencer Bogart
How Blockchain Capital Invests and Spencer Bogart on the Future of Crypto and DeFi
The Defiant - DeFi, Web3 & NFT Insights · Spencer Bogart
Bart Stephens, Founder and Managing Partner, Blockchain Capital
PGP* (Pretty Good Policy) for Crypto Podcast · Bart Stephens
Moving Markets and Breaking Down Crypto-Capitalism in Gaming w/ Bart Stephens, of Blockchain Capital
Real Vision · Bart Stephens
Bart Stephens | Co-Founder & Managing Director | Blockchain Capital
DACFP · Bart Stephens
Crypto Cannot be Uninvented: Co-Founder of Blockchain Capital, Bart Stephens
Blockworks Macro · Bart Stephens
Images
Co-investors · 115
Coinbase Ventures is the venture investment arm of Coinbase that backs early-stage founders building across the crypto and Web3 ecosystem.
Digital Currency Group (DCG) is a long-standing investor and operator focused exclusively on the cryptocurrency and blockchain industry, holding equity, fund, and token positions across the sector.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.
IOSG Ventures is a research-driven investment fund focused on Web3, backing founders building blockchain infrastructure, middleware, security, and social/consumer applications.
Electric Capital is an early-stage venture firm founded in 2018 that backs founders building trust-minimized technologies across AI, crypto, fintech, and related sectors.
Winklevoss Capital is an investment firm that backs founders working on hard problems in critical, frontier technology domains.
Future Perfect Ventures is an early-stage venture firm investing in decentralized technology, blockchain, crypto infrastructure, AI, and next-generation marketplaces.
Placeholder is a venture capital firm that has invested in over 75 early-stage crypto companies and decentralized networks since 2017.
gumi Cryptos Capital is an early-stage venture capital firm headquartered in Silicon Valley that focuses on cryptocurrency and blockchain investments.
RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.
Paradigm is a frontier technology investment firm that builds and invests in early-stage companies across crypto, AI, robotics, and other emerging technology areas.
▶103 more co-investors
Oyster VenturesDivergenceFounders FundLightspeed Venture PartnersCraft VenturesBessemer Venture PartnersAccelAlumni VenturesDCVC (Data Collective)Union Square Ventures (USV)Hack VCTusk Venture PartnersGeneral CatalystKhosla VenturesRedpoint VenturesB Capital GroupSound VenturesCanaan PartnersOak HC/FTAmplify PartnersFifth WallChemistryMouro CapitalPolychain CapitalThird Point VenturesDragonflyAccelerator VenturesCollaborative Fund (Collab Fund)Bloomberg BetaHummingbird VenturesScout VenturesRefactor CapitalToyota VenturesArbor VenturesJungle VenturesParallax VenturesLong Journey VenturesUberBoxGroupKrakenTiger Global ManagementQuiet CapitalSusa VenturesHardware ClubAME Cloud VenturesSciFi VCSignalFireCaffeinated CapitalResolute VenturesStride VCSouth Park CommonsBullpen CapitalFoundry GroupNot Boring CapitalBase10 PartnersGustoPear VCWEEKENDTwo Sigma VenturesTq Ventures LlcGeneral PartnershipNorthzoneBrainchild HoldingsMoxxie VenturesZetta Venture PartnersTribeca Venture PartnersCompany CapitalJavelin Venture PartnersAmerican Express Ventures (Amex)Kohlberg Kravis RobertsEarl Grey CapitalLocus VenturesSarona VenturesMarcy Venture PartnersThird Kind Venture Capital305 Ventures137 VenturesPeterson VenturesIlluminate VenturesVOLT CAPITALQuantstampRedpoint eventuresPitbull VenturesCervinGemini Israel VenturesPrime Movers LabNKM CapitalSommet ABAglae VenturesMechanism CapitalArboretum VenturesHyperchain CapitalIGNIA PartnersCompoundApax DigitalArthur VenturesOne Planet GroupSTILLMARKUnicorn India VenturesKatapult AfricaDarkmode VenturesLeadout CapitalC3 Ventures
Firms observed investing alongside Blockchain Capital, from public investor directories. Shared companies are the overlap with Blockchain Capital's recorded portfolio.
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