Blockchain.com, one of the world’s largest cryptocurrency block explorer, wallet and data providers which already boasts Goolge and Sir Richard Branson as backers, is to raise a further $50 million to start a venture capital fund.
Citing two sources, Yahoo Finance reported on Wednesday that managing partner of Blockchain.com Ventures Sam Harrison was to lead the enterprise, using the funds raised to invest in both equity and in crypto coins in the blockchain and cryptocurrency sector.
Harrison joined Blockchain.com in July 2018 from Naspers Ventures, and his LinkedIn profile states that he is the co-founder of Blockchain.com Ventures, which has already invested in companies including Origin Protocol, Coindirect and DappRadar.
Blockchain.com
Blockchain.com was founded in 2011 and is among the largest cryptocurrency block explorer, wallet and data providers, boasting sales of more than 40 million. Aside from Google and Branson, other notable investors include Roger Ver, Digital Currency Group and Lakestar.
Other recent enterprises by Blockchain.com include its crypto exchange called The PIT, launched in July, which claims to be among the fastest to process transactions through its “microsecond” matching engine.
