Blockchain Capital partners recently raised $10 million for a venture capital fund, Blockchain Capital III Digital Liquid Venture Fund, LP, which it calls the first venture capital fund raised by a digital fund offering.
The venture capital firm’s new digital liquid venture fund recently raised funds through a digital token offering called BCAP token.
The Ethereum-based tokens will represent a partial ownership in the fund. The tokens will be issued on May 10.
“The $10 million will be used to invest in blockchain startup companies,” Brock Pierce, managing partner at Blockchain Capital, told CCN. “We will be investing in the equity of these startups and will also consider token-based offerings.”