Cryptocurrency venture capital firm Blockchain Capital plans to raise $700 million while simultaneously advancing two new funds

According to Bloomberg, cryptocurrency venture capital firm Blockchain Capital is simultaneously raising two new funds, with a total target size of $700 million, namely its seventh early-stage fund and its second growth fund.

Insiders revealed that the firm has begun deploying some of the newly raised capital, and the entire financing round is expected to be completed within five to six months.