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The Venture Codex

Blockchain Capital

440 Pacific Avenue, San Francisco, CA, 94133, United States

Overview

Venture capital firm investing in blockchain technology companies.

Founded

2013

Deals ยท 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Bitcoin
Blockchain
Cryptocurrency
Finance
...

Investment portfolio

98rounds
NAMEDATESIZE
NG.CASH
Sep 2026Led
$15 MOther Equity
Tare
Sep 2026Led
$13 MSeed
Yellow Card
Aug 2026Participated
$40 MOther Equity
KOR Protocol
Jul 2026Led
$8 MSeries A
Paxos Labs
Apr 2026Led
$12 MOther Equity
TRM Labs
Feb 2026Led
$70 MSeries C
RedotPay
Dec 2025Participated
$107 MSeries B
Levr Bet
Aug 2025Led
$3 MOther Equity
OneBalance
Jun 2025Led
$20 MSeries A
Camp Network
Apr 2025Led
$30 MSeries A
Tally
Apr 2025Led
$8 MSeries A
Merit Systems
Jan 2025Led
$10 MSeed
NG.CASH
Sep 2026Led
$15 MOther Equity
Tare
Sep 2026Led
$13 MSeed
Yellow Card
Aug 2026Participated
$40 MOther Equity
KOR Protocol
Jul 2026Led
$8 MSeries A
Paxos Labs
Apr 2026Led
$12 MOther Equity
TRM Labs
Feb 2026Led
$70 MSeries C
RedotPay
Dec 2025Participated
$107 MSeries B
Levr Bet
Aug 2025Led
$3 MOther Equity
OneBalance
Jun 2025Led
$20 MSeries A
Camp Network
Apr 2025Led
$30 MSeries A
Tally
Apr 2025Led
$8 MSeries A
Merit Systems
Jan 2025Led
$10 MSeed
98
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Blockchain Capital: 98 funding rounds are recorded in the selected participation categories.All available history.
Blockchain Capital: 98 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed159
Series A1512
Series B24
Series C+67
Other Equity719
ICO02

Monthly Deal Activity

Blockchain Capital: 98 deals are recorded across 152 months.All available history.
Blockchain Capital: 98 deals are recorded across 152 months. All available history
MonthDeals
Mar '141
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '142
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '151
Dec '150
Jan '161
Feb '161
Mar '160
Apr '160
May '161
Jun '160
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '173
Jan '180
Feb '181
Mar '180
Apr '181
May '182
Jun '182
Jul '181
Aug '182
Sep '180
Oct '180
Nov '181
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '192
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '201
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '210
May '211
Jun '214
Jul '211
Aug '211
Sep '213
Oct '210
Nov '211
Dec '214
Jan '220
Feb '222
Mar '223
Apr '222
May '220
Jun '220
Jul '221
Aug '221
Sep '222
Oct '220
Nov '221
Dec '222
Jan '233
Feb '231
Mar '230
Apr '230
May '231
Jun '231
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '240
Apr '240
May '241
Jun '241
Jul '242
Aug '243
Sep '241
Oct '243
Nov '240
Dec '240
Jan '252
Feb '250
Mar '250
Apr '252
May '250
Jun '251
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '261
Sep '262
Oct '260

Sector Breakdown

Blockchain Capital: Crypto & Blockchain is the largest displayed sector by deal count (76 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Blockchain Capital: Crypto & Blockchain is the largest displayed sector by deal count (76 deals). All available history
SectorDeals
Crypto & Blockchain76
Fintech45
Enterprise Software19
Networks, Cloud & Communication14
Data, Analytics & IT10
Professional Services8
Cybersecurity & Privacy5
Manufacturing5
Developer Tools5
Transportation & Logistics4
AR/VR3
AI & Machine Learning3
Gaming & eSports3
Social & Community Platforms3
Space & Frontier Tech2
Marketing & Advertising2
Hardware & Robotics2
E-Commerce & Retail1
Real Estate & Construction1
Media & Entertainment1
Health & Life Sciences1

Deal Size Distribution

Blockchain Capital: 98 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Blockchain Capital: 98 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M15
$10M-$25M27
$25M-$50M18
$50M-$100M9
$100M-$250M8
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Blockchain Capital: United States has the largest recorded deal count among the displayed regions (64 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Blockchain Capital: United States has the largest recorded deal count among the displayed regions (64 deals). All available history
RegionDeals
United States64
Europe12
Singapore4
Australia4
Canada3
Cayman Islands2
Hong Kong2
10431
United Arab Emirates1
China1
Blockchain Capital: 20 co-investors are shown, with Digital Currency Group sharing 14 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Blockchain Capital: 20 co-investors are shown, with Digital Currency Group sharing 14 recorded deals. All available history
Co-investorShared deals
Digital Currency Group14
Andreessen Horowitz10
Coinbase Ventures10
CoinFund8
Distributed Global8
Maven 118
1kx7
Delphi Digital6
Pantera Capital6
Polychain Capital6
Slow Ventures6
Alameda Research5
Alumni Ventures5
Breyer Capital5
CMS Holdings5
Framework Ventures5
Galaxy Digital5
Khosla Ventures5
Lightspeed Venture Partners5
Mechanism Capital5

Investment Strategy

Blockchain Capital: Led accounts for 46% and participating for 54% of round participation.All available history.
Blockchain Capital: Led accounts for 46% and participating for 54% of round participation. All available history
CategoryDeals (count)Share (%)
Led4546%
Participating5354%
Blockchain Capital: Single-lead accounts for 53% and co-led for 47% of lead dynamics.All available history.
Blockchain Capital: Single-lead accounts for 53% and co-led for 47% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2453%
Co-led2147%

Team

Aleks Larsen
Bart Stephens

Co-Founder & Managing Partner

Caleb Tebbe

PRINCIPAL RESEARCH ENGINEER

Denise Schaefer

Marketing

Joanne Lauer

Director of Investor Relations

Jonah Burian
Kinjal Shah

General Partner

Lucas Vogelsang

CEO & Cofounder

Spencer Bogart

General Partner

W Bradford Stephens

Co-Founder & Managing Partner

Zalia Aliriza

Operating Partner, CFO & CCO