Early Wyre Backer Launches $200M Fund for ‘Mid-Growth’ Crypto

Blockchain Coinvestors, an investment firm in blockchain investing with over $450 million under management (AUM), launched a $200m mid-stage growth fund that provides exposure to emerging companies, according to a source close.

An article revealed the existence of this fund. April newsletter now available on the Blockchain Coinvestors website, but the size of the fund wasn’t included.

The new nine-figure fund serves as the latest example that the venture capital sector’s rush into crypto hasn’t slowed down just yet.

Blockchain Coinvestors, however, are in crypto for long term. In 2014, Blockchain Coinvestors was launched. The firm has invested in more that 40 blockchain venture funds. more than 400 blockchain and crypto projects.

Blockchain Coinvestors

The new “Blockchain Coinvestors VI (Mid Stage Growth)” will invest in 20 to 30 projects with “attractive return profiles and visible paths to liquidity,” according to the newsletter. Mid-stage funds can be backed by Series B, D and C funding rounds.

The firm said the new fund continues the mid-stage strategy of the fund manager that has invested in the likes of asset manager Bitwise, metaverse onboarded InfiniteWorld, digital asset securities platform Securitize and payments processor Wyre, which was acquired last month by payments company Bolt for $1.5 billion.

Blockchain Coinvestors also has two active funds. Fund III offers a “fund of funds” strategy, investing in top pure-play venture funds in the Americas, Asia and Europe. Fund IV, an early-stage token fund, has direct access for private-stage token projects. The fund manager, who previously invested in Filecoin (Near), Polkadot and others, is Fund IV.

The firm also has a Nasdaq-listed special purpose acquisition company (SPAC) called Blockchain Coinvestors Acquisition I that’s targeting blockchain-enabled businesses. The SPAC raised $261 million in its November initial public offering.
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