London-based venture firm Blossom Capital has launched a $432 million fund. A third of the capital raised will go to financing cryptocurrency- and blockchain-related startups, Bloomberg reports.
The remaining money will be directed to backing consumer applications, cybersecurity, developer tools, enterprise software as a service, fintech, and marketplaces.
Blossom Capital focuses on early-stage European startups.
According to The Block, the firm’s previous $185 million fund invested in part in individual tokens and in NFTs. The team spent resources and time to build the necessary infrastructure for such investments.
In the Twitter profile of Blossom Capital managing partner Ophelia Brown reflected CryptoPunk #985. In December it was acquired for 98 ETH (~$320,000).
Earlier in November, Blossom Capital backed MoonPay, the provider of crypto-payments infrastructure, in a Series A funding round of $555 million.
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