Bitcoin venture investment firm Crypto Currency Partners has rebranded as Blockchain Capital and raised $7 million for further investment in Bitcoin and blockchain technology companies.
The firm, led by Bitcoin Foundation board chairman Brock Pierce, has invested over $1.2 million in 29 cryptocurrency related startups to date, according to CoinDesk. Included are some of the biggest names in the industry, such as Coinbase, Ripple Labs, Xapo and Blockstream.
Its syndicate on AngelList, a platform bringing together angel investors, startups and job-seekers, has launched as well and will invest in startups in parallel. Managing Partner Brad Stephens explained:
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“We believe equity crowdfunding shares the values of the blockchain economy: access, innovation and decentralization. We are also unique in having many founders and CEOs of top bitcoin companies as limited partners, providing unprecedented early access to the best entrepreneurs and companies in the sector. Our mission is to support entrepreneurs who are disrupting legacy industries and creating new markets via blockchain technology.”
Also announced was the appointment of Alison Davis to lead its advisory board. She is currently director of the Royal Bank of Scotland and Firserv, and formerly a board member at First Data, Xoom, and City National Bank. She also previously served as CFO at Barclays Global Investors, now BlackRock.
The firm also said that it is looking to raise another $3 million.