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    Blockchain Capital

    San Francisco, California, United StatesFounded 2013

    Blockchain Capital is the first venture capital firm dedicated to crypto builders, founded in 2013. The firm invests across the crypto ecosystem including infrastructure, DeFi, gaming, and consumer/social applications, from early stage through growth.

    50% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (2 deals in the last 12 months vs 4 prior). Average disclosed round size is $44.3M (across 94 rounds with reported amounts).

    Find people at Blockchain Capital on Goldilocks AI

    Portfolio

    81

    Fund Size

    $580M

    Top Stage

    Series A

    Last 12 Mo

    2

    Team

    Bart Stephens

    Bart Stephens

    FOUNDER & MANAGING PARTNER

    Brad Stephens

    Brad Stephens

    FOUNDER & MANAGING PARTNER

    AL

    Aleks Larsen

    GENERAL PARTNER

    KS

    Kinjal Shah

    GENERAL PARTNER

    Spencer Bogart

    Spencer Bogart

    GENERAL PARTNER

    Caleb Tebbe

    Caleb Tebbe

    OPERATING PARTNER & CHIEF TECHNOLOGY OFFICER

    Jason Di Piazza

    Jason Di Piazza

    OPERATING PARTNER & HEAD OF CAPITAL FORMATION

    Joshua Rivera

    Joshua Rivera

    OPERATING PARTNER & GENERAL COUNSEL

    Lucas Vogelsang

    Lucas Vogelsang

    VENTURE PARTNER

    Tony Schmidt

    Tony Schmidt

    OPERATING PARTNER & CHIEF OPERATING OFFICER

    Yuan Han Li

    Yuan Han Li

    Partner

    Zalia Aliriza

    Zalia Aliriza

    OPERATING PARTNER & CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    107 investments
    CompanyRoundAmountDate
    KOR Protocol logoKOR ProtocolSeries A$7.5MJul 2026
    TRM Labs logoTRM LabsSeries C$70MFeb 2026
    Paxos Labs logoPaxos LabsUnknown$12MJan 2026
    Yellow Card logoYellow CardStrategic$40MJan 2026
    Paxos logoPaxosUnknown$12MJan 2026
    Camp logoCampSeries A$25MApr 2025
    Merit Systems logoMerit SystemsSeed$10MJan 2025
    EigenLayer logoEigenLayerUnknown$70MJan 2025
    Bluesky logoBlueskySeries A$15MOct 2024
    Yellow Card logoYellow CardSeries C$33MOct 2024
    SSolv ProtocolUnknown$11MOct 2024
    Bluesky logoBlueskySeries A$15MOct 2024
    Gameplay Galaxy logoGameplay GalaxySeed$24MAug 2024
    Fabric logoFabricSeries A$33MAug 2024
    Allora logoAlloraUnknown—Jun 2024
    Toku logoTokuSeries A—Mar 2024
    OneBalance logoOneBalanceSeries A$20MJan 2024
    Mamori logoMamoriSeed$5MJan 2024
    Fabric Cryptography logoFabric CryptographySeed$33MJan 2024
    BBluesky SocialSeries A$15MJan 2024
    Risc Zero logoRisc ZeroSeries A$40MJul 2023
    Worldcoin logoWorldcoinSeries C$115MMay 2023
    Spatial Labs logoSpatial LabsSeed$10MJan 2023
    Modular Cloud logoModular CloudUnknown$1.7MJan 2023
    Worldcoin logoWorldcoinSeries C$115MJan 2023
    Page 1 of 5

    Top Co-Investors

    Last updated: 7 October 2026