Seattle blockchain VC organization Bloccelerate boosting its second fund – GeekWire #Seattle #blockchain #firm #Bloccelerate #raising #fund #GeekWire


Kate Mitselmakher.

Bloccelerate, a Seattle-location venture funds business that backs startups creating blockchain-relevant systems, is boosting an additional fund.

A new SEC filing reveals that the company lifted $20 million of a greater fund.

Kate Mitselmakher, who released Bloccelerate in 2018 and prospects the firm as typical partner, declined to comment on the filing.

Bloccelerate elevated $12 million for its very first fund in 2020. The organization invests in blockchain startups and also offers infrastructure for its portfolio, which include companies this sort of as Stably, ZenLedger, BlockApps, and many others.

Undertaking cash funding to blockchain and World-wide-web3 startups seems to be slowing substantially in the 3rd quarter, TechCrunch reported, amid the downturn for the crypto market place and slowdown for undertaking cash much more broadly.

Even now, some investors remain bullish on backing startups developing blockchain tech this sort of as world-wide-web3. Silicon Valley heavyweight Andreessen Horowitz introduced a $5.5 billion World-wide-web3 fund in Might, for example, and other companies are also boosting new cash.

Mitselmakher, a former executive with Gartner Commit, qualified prospects Bloccereate with Sam Yilmaz, standard associate and a previous managing spouse at Decentralized Apps Fund.

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