Crypto-Focused Venture Firm Bloccelerate Is Raising $100M

Venture capital firm Bloccelerate is looking to raise $100 million for its second fund, according to a filing Friday with the U.S. Securities and Exchange Commission. The Bloccelerate VC Fund II has already raised $20 million from 26 investors since the fund opened Aug. 25. While only one-fifth of the target, the amount already surpasses the firm’s $12 million inaugural fund in late 2020. Visit their website located at the bloccelerate.vc domain name.