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Investor profile

Blockchain Capital

Venture Capital · Founded 2013 · San Francisco, United States

Invests in blockchain-enabled technology companies

Website ↗LinkedIn ↗X / Twitter ↗
113 portfolio companies Venture Capital · $3.1B invested · 153 investments · Investor rank #1,005 · Last investment 8/2026
Portfolio companies 113 ↑ 71% 5y
Decacorns 5
Thoroughbreds 9 ↑ 14% 5y
Power Law #250Investor Ranking · Global · 2026 · Top 2%
01 · Biggest holdings

Blockchain Capital’s biggest current holdings.

The most valuable companies Blockchain Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Blockchain Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 RippleDecacorn · Fintech · USA — $40.0B —
  2. 2 krakenDecacorn · Fintech · USA — $20.0B —
  3. 3 OpenSeaDecacorn · Fintech · USA — $13.3B —
  4. 4 DFINITY | Internet ComputerUnicorn · Fintech · Switzerland — $9.5B —
  5. 5 Anchorage DigitalUnicorn · Fintech · USA — $4.2B —
  6. 6 BlockstreamUnicorn · Fintech · USA — $3.2B —
  7. 7 WorldUnicorn · Fintech · USA 3.5% $3.0B $105M
  8. 8 Tools for HumanityUnicorn · Fintech · USA — $2.5B —
  9. 9 PaxosUnicorn · Fintech · USA — $2.4B —
  10. 10 1inch NetworkUnicorn · Fintech · British Virgin Islands — $2.2B —
  11. 11 Uniswap LabsUnicorn · Fintech · USA — $1.7B —
  12. 12 CoinListUnicorn · Fintech · USA — $1.5B —

Estimated value = Blockchain Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Blockchain Capital also appears inside investor groups in Blockstream, Humanity Protocol, kraken, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Blockchain Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Blockchain Capital’s transaction record.

Coinbase
$86B IPO · 2021
Entered Series B+Now $38BFintech
Circle
$9.0B IPO · 2022
Entered Series B+Now $15BFintech
BitGo
$2.1B IPO · 2026
Entered Series ANow $903MSecurity
Securitize
$1.7B IPO · 2026
Entered Series ANow $1.2BFintech
Abra
$1.1B IPO · 2026
Entered Series ANow $1.1BFintech
03 · Portfolio analysis

Where Blockchain Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 113 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA97
  2. UK10
  3. Switzerland7
  4. Singapore4
  5. Spain4
  6. Canada3
  7. China3
  8. Cayman Islands2
  9. Germany2
  10. Hong Kong2
  11. India2
  12. South Korea2
By sectorCount
  1. Fintech113
  2. Enterprise Software25
  3. Security13
  4. Media8
  5. Gaming5
  6. Marketing3
  7. Education2
  8. Energy2
  9. Jobs Recruitment2
  10. Legal2
  11. Real Estate2
  12. Semiconductors2
By stage enteredCount
  1. Seed50
  2. Series A49
  3. Series B+14
By growth stageCount
  1. Breakout Stage65
  2. Early Growth56
  3. Late Growth33
04 · Portfolio market map

Inside Blockchain Capital’s portfolio.

The 60 highest-funded portfolio companies, of 113 tracked.

kraken
Fintech · Decacorn
$20B
Circle
Fintech · Decacorn
$15B
Bolt
Security
$300M
Ripple
Fintech · Decacorn
$40B
Blockstream
Fintech · Unicorn
$3.2B
Paxos
Fintech · Unicorn
$2.4B
Coinbase
Fintech · Decacorn
$38B
Anchorage Digital
Fintech · Unicorn
$4.2B
OpenSea
Fintech · Decacorn
$13B
Securitize
Fintech · Unicorn
$1.2B
BitFury
Fintech · Unicorn
$1.0B
Matter Labs
Enterprise Software
$800M
Tools for Humanity
Fintech · Unicorn
$2.5B
EigenLayer
Security · Unicorn
$1.1B
TRM Labs
Fintech · Unicorn
$1.0B
BitClout
Fintech
$800M
RedotPay
Fintech · Unicorn
$1.0B
1inch Network
Fintech · Unicorn
$2.3B
Uniswap Labs
Fintech · Unicorn
$1.7B
BitGo
Security
$903M
DFINITY | Internet Computer
Fintech · Unicorn
$9.5B
Celestia
Fintech · Unicorn
$1.0B
Bitwise
Fintech
$500M
World
Fintech · Unicorn
$3.0B
Bluesky
Media
$400M
Yellow Card
Fintech
$200M
Kik
Media · Unicorn
$1.0B
Espresso Systems
Fintech
$400M
CoinList
Fintech · Unicorn
$1.5B
Abra
Fintech · Unicorn
$1.1B
Mfine
Health
$135M
Fuel Labs
Fintech
$320M
High Fidelity
Education
$115M
Avara
Fintech
$124M
PeerNova
Fintech
$124M
Messari
Fintech
$300M
RISC Zero
Enterprise Software
$160M
Custodia Bank
Fintech
$12M
AZA Finance
Fintech
$140M
Drift
Fintech
$100M
Wave
Legal
$130M
Block1
Fintech
$196M
Orchid
Security
$28M
Oasis Labs
Fintech
$180M
SOLV
Marketing
$160M
Chain
Fintech
$120M
Xapo
Fintech
$80M
Fabric Cryptography
Semiconductors
$132M
Composable Foundation
Fintech
$400M
Harbor
Fintech
$112M
Stardust
Gaming
$120M
Bison Trails
Fintech
$102M
Blocknative
Fintech
$60M
Hxro
Fintech
$136M
Allora Labs
Fintech
$110M
LedgerX
Fintech
$50M
Balancer Labs
Fintech
$98M
Community Labs
Enterprise Software
$120M
Camp Network
Security
$400M
Parallel Finance
Fintech
$500M
05 · Portfolio founders

Where Blockchain Capital’s portfolio founders come from.

150 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States91
  2. Hong Kong6
  3. United Kingdom6
  4. Argentina4
  5. Israel4
  6. Switzerland4
  7. Australia3
  8. India3
  9. British Virgin Islands2
  10. Canada2
UniversityCount
  1. Stanford University13
  2. Massachusetts Institute of Technology5
  3. University of California, Berkeley4
  4. University of Pennsylvania4
  5. Stanford University Graduate School of Business3
  6. University of Southern California3
  7. Brown University2
  8. Buffalo State University2
  9. California Southern University2
  10. King's College London2
Previous companyCount
  1. Alphabet | Google10
  2. Bank of America4
  3. McKinsey & Company4
  4. Microsoft4
  5. BofA3
  6. Meta3
  7. Square3
  8. Airbus2
  9. AngelList2
  10. Bloomberg2
06 · Similar investors

Similar investors.

Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.

Andreessen Horowitz
Venture Capital · Menlo Park
#2 rank 1,188 companies $4.4T portfolio
Tiger Global
Private Equity · New York City
#19 rank 811 companies $3.9T portfolio
Lightspeed Venture Partners
Venture Capital · Menlo Park
#10 rank 961 companies $2.5T portfolio
Sequoia
Venture Capital · Menlo Park
#3 rank 1,921 companies $23T portfolio
Founders Fund
Venture Capital · San Francisco
#50 rank 611 companies $6.7T portfolio
SV Angel
Venture Capital · San Francisco
#109 rank 986 companies $3.7T portfolio
500 Global
Venture Capital · Palo Alto
#431 rank 2,321 companies $284B portfolio
FJ Labs
Venture Capital · New York City
#228 rank 784 companies $207B portfolio
07 · Key people

Key people at Blockchain Capital.

P. Bart Stephens
P. Bart Stephens
Founder
 W Bradford Stephens
W Bradford Stephens
Founder
 Felix Etcheverria
Felix Etcheverria
CEO
 Spencer Bogart
Spencer Bogart
General Partner
 Jeffrey Maganis
Jeffrey Maganis
Investor
 Alison Davis
Alison Davis
Chairman of Advisory Board
Source: Dealroom next-gen API — investor team endpoint.
08 · Featured in
News Yellow Card raises $40M to expand stablecoin rails beyond Africa Aug 4, 2026 News KOR Protocol raises $7.5M Series A at $100M valuation to route creative works onchain Jul 8, 2026 News Bluesky discloses $100M Series B a year late, alongside CEO transition Mar 19, 2026