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Blockchain Capital company logo
Venture Capital
FINANCE | Investment Firms & Funds
blockchain.capital

Investments

127

Portfolio Exits

11

Funds

12

Partners & Customers

1

About Blockchain Capital

Blockchain Capital, the General Partner of the Crypto Currency Partner funds, is a venture capital firm that focuses exclusively on the blockchain technology sector.

Headquarters Location

One Ferry Building Suite 255

San Francisco, California, 94111,

United States

415-677-5440

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CB Insights Intelligence Analysts have mentioned Blockchain Capital in 3 CB Insights research briefs, most recently on Mar 1, 2022.

Latest Blockchain Capital News

Spatial Labs Secures $10M in Seed Funding Led by Blockchain Capital

Jan 27, 2023

Venture Capital News | Private Equity News venture capital directory | private equity directory Venture Capital Firms List / Venture Capital & Private Equity Firms and Sources Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory 2023 New Edition Now Available! (Updated JANUARY 2023) VCPro Database 2023 26th Edition — a downloadable and searchable venture capital database with 6,900+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. Spatial Labs Secures $10M in Seed Funding Led by Blockchain Capital Additional Backing from Marcy Venture Partners to Support New Product Innovation and Continued Growth LOS ANGELES, January 26, 2023-- Spatial Labs, the leading infrastructure company powering new technologies to redefine the consumer experience for the next generation, announced today a $10 million seed funding round led by Blockchain Capital, a leading venture firm in the blockchain industry. Jay-Z's Marcy Venture Partners has also returned to participate in this round. The close of the seed round brings the company's total funding to over $14 million. "Our investment in Spatial Labs reflects our view that this technology presents an unparalleled opportunity to solve some of the landscape's most complex challenges," said Bart Stephens, Founder & Managing Partner of Blockchain Capital. "By empowering new business models, delivering immersive experiences, and providing insights into consumer needs, Spatial Labs will continue to shape and power the future of commerce and connectivity in Web3." "Spatial Labs is designing next-gen technologies to connect brands to younger demographics that shop and interact with products in completely new ways. Through our technology solutions, we provide brands with rich consumer data and previously inaccessible revenue models," said Iddris Sandu, Founder of Spatial Labs. "The consumer goods industry is at a pivotal inflection point. Partnering with ambitious, innovative investors that align with our core ethos will enable Spatial Labs to continue to deliver the tangible innovations that brands and consumers are asking for." The new capital will support efforts to scale and diversify Spatial Labs' proprietary blockchain-enabled tech stack, deepen the company's footprint across the consumer goods landscape, and expand into other industries, including media and entertainment. It will also be allocated towards a range of technical, business, and strategic team development efforts targeting C-Suite executives. These initiatives are intended to accelerate Spatial Lab's consumer-centric product innovation and continued rapid growth. "Spatial Labs has already demonstrated incredible innovation in technology and culture. Iddris and team have the acumen to seamlessly connect products in the physical and digital world, making products that drive user joy," said Larry Marcus Co-Founder and Managing Director of Marcy Venture Partners. This marks the second investment from Marcy Ventures Partners, following a pre-seed raise of $4 million in 2021 to support the debut of Spatial Labs and launch of LNQ, an innovative, state-of-the-art chip platform that uses blockchain technology to authenticate products and unlock digital twins. Additional investment came from seasoned founders and entrepreneurs, including Ron Burkle (Co-Founder of Yucaipa Capital, Founder of Soho House group), Scooter Braun (Raised in Space VC Studio), Anthony Tolliver (Former NBA Player, Principal at Wealthlete Private Equity), and Bobby Wagner (Seattle Seahawks linebacker and Partner of VC Studio Fuse Venture Partners). Founded by 25-year-old entrepreneur and business creative Iddris Sandu, Spatial Labs is committed to creating vertically integrated hardware and software solutions that serve as a physical entry point into the digital world – while delivering real-world utility. The LNQ One Chip, a proprietary 13mm microchip, allows any item to be scaled into a traceable digital asset on the blockchain and provides owners with a digital ledger that tracks a physical item's authenticity, origin, ownership history, real-time value and enables added benefits such as loyalty incentives, enhanced insights and more. In addition to empowering more conscious consumption, the LNQ One Chip opens new post-secondary revenue models and is poised to completely revolutionize the brand-to-consumer relationship in the physical and digital world. This technology provides an effective end-all solution for brands, retailers, and creators to reach and engage with their core audience, resulting in increased loyalty and consumer lifetime value. The LNQ On-Chain Network is powered by Polygon, the leading blockchain development platform offering scalable, affordable, secure, and sustainable blockchains for Web3. The two companies partnered in December to release their first official collaboration, 'Orbs by Spatial Labs' x Polygon, a double-layered cotton crewneck embedded with the signature LNQ One Chip. The exclusive offering features a generative graphic on the front and branding on the back. By scanning the Orb, users can view an exclusive AR experience and gain access to future drops and Spatial Labs + Polygon ticketed events. Since its inception in 2020, Spatial Labs has delivered the most innovative hardware-software infrastructure shaping the future of commerce, consumer experience, and connectivity between brands and the next generation. For more information on Spatial Labs, please visit slabs.one. ABOUT SPATIAL LABS Spatial Labs (sLABS) is an industry-leading hardware/software infrastructure company powering the next generation of Web3 technology. Founded by technologist and entrepreneur Iddris Sandu, Spatial Labs is committed to driving innovation at the intersection of culture, community, connectivity, and limitless design to revolutionize the future of the human experience. The company's first product LNQ, an innovative state-of-the-art blockchain-enabled hardware platform, was publicly launched in May 2022. LNQ aims to make the Web3 more accessible and provide creators with decentralized tools to engage with their communities through LNQ's proprietary, real-time processing stack. To learn more, visit slabs.one. ABOUT BLOCKCHAIN CAPITAL Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised seven and deployed five prior venture funds, including the first ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. To learn more, please visit www.blockchaincapital.com or follow @blockchaincap on Twitter. ABOUT MARCY VENTURE PARTNERS Marcy Venture Partners (MVP) was Co-Founded by Shawn Carter (JAY-Z), Jay Brown and Larry Marcus. MVP has a passion for building game-changing businesses and mass-market brands. The firm invests in Consumer & Culture with an emphasis on positive impact including sustainability, inclusivity, accessibility, empowerment and health & wellness. Our companies are led by exceptional management teams with clear vision, purpose and executional excellence. We lead or co-invest in companies that have meaningful brand values, high customer joy driven by an outstanding product, demonstrated growth and clear catalysts for the next level of scale. https://www.marcyvp.com Contact:

Blockchain Capital Investments

127 Investments

Blockchain Capital has made 127 investments. Their latest investment was in Spatial Labs as part of their Seed VC - II on January 1, 2023.

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Blockchain Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/26/2023

Seed VC - II

Spatial Labs

$10M

Yes

7

1/19/2023

Series A

=nil; Foundation

$22M

Yes

Blockchain Capital, Hasu, Mina, Polychain Capital, StarkWare, and Undisclosed Angel Investors

2

1/17/2023

Series A

AcadArena

$7.5M

Yes

1

12/15/2022

Series A - II

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$99M

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10

12/6/2022

Series A

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$99M

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10

Date

1/26/2023

1/19/2023

1/17/2023

12/15/2022

12/6/2022

Round

Seed VC - II

Series A

Series A

Series A - II

Series A

Company

Spatial Labs

=nil; Foundation

AcadArena

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Amount

$10M

$22M

$7.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Blockchain Capital, Hasu, Mina, Polychain Capital, StarkWare, and Undisclosed Angel Investors

Sources

7

2

1

10

10

Blockchain Capital Portfolio Exits

11 Portfolio Exits

Blockchain Capital has 11 portfolio exits. Their latest portfolio exit was Bitaccess on November 02, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/2/2022

Corporate Majority

$99M

3

3/9/2022

Acquired

$99M

1

4/14/2021

IPO

$99M

Public

8

1/19/2021

Acquired

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$99M

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10

6/25/2018

Acquired

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$99M

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10

Date

11/2/2022

3/9/2022

4/14/2021

1/19/2021

6/25/2018

Exit

Corporate Majority

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

3

1

8

10

10

Blockchain Capital Fund History

12 Fund Histories

Blockchain Capital has 12 funds, including Blockchain Capital V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/22/2021

Blockchain Capital V

$300M

2

4/2/2018

Blockchain Capital Parallel IV

$25.01M

4

3/30/2018

Blockchain Capital IV

$127M

4

3/22/2018

Blockchain Capital IV LP

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$99M

10

4/18/2017

Blockchain Capital III LP

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$99M

10

Closing Date

6/22/2021

4/2/2018

3/30/2018

3/22/2018

4/18/2017

Fund

Blockchain Capital V

Blockchain Capital Parallel IV

Blockchain Capital IV

Blockchain Capital IV LP

Blockchain Capital III LP

Fund Type

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Status

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Amount

$300M

$25.01M

$127M

$99M

$99M

Sources

2

4

4

10

10

Blockchain Capital Partners & Customers

1 Partners and customers

Blockchain Capital has 1 strategic partners and customers. Blockchain Capital recently partnered with Libra Association on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/18/2020

Partner

Switzerland

Libra Association Adds Blockchain Capital as a New Member

`` We 're honored to join the Libra Association and believe deeply in the mission of creating a more equitable payment system , '' Bart Stephens , co-founder and managing partner of Blockchain Capital , said .

1

Date

9/18/2020

Type

Partner

Business Partner

Country

Switzerland

News Snippet

Libra Association Adds Blockchain Capital as a New Member

`` We 're honored to join the Libra Association and believe deeply in the mission of creating a more equitable payment system , '' Bart Stephens , co-founder and managing partner of Blockchain Capital , said .

Sources

1

Blockchain Capital Team

9 Team Members

Blockchain Capital has 9 team members, including , .

Name

Work History

Title

Status

Brock Pierce

Decentral, and BitAngels

Founder

Current

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Name

Brock Pierce

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Work History

Decentral, and BitAngels

Title

Founder

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Status

Current

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