Skip to content
← VC DirectoryFund profile
Tier 1Active

Blockchain Capital

InfrastructureDeFiGamingExchangesConsumer

Fund snapshot

Lookout tier
Tier 1
Lookout score
91/100
AUM
$2B
Vintage
2013
Check size
$1M – $30M
Stage
Seed, Series A, Series B
Role
Leads rounds

Lookout's read

How Lookout reads this fund.

The grandfather of crypto VC, with a 2013 vintage and exits (Coinbase, Kraken) that print returns most funds only dream of. Franchise gravity makes them a default lead for serious rounds. Less visibly AI-forward than newer shops — the edge is brand, not narrative-chasing.

Fund thesis

What they back.

Back entrepreneurs and protocols across the full blockchain stack — infrastructure, DeFi and gaming — as one of the longest-running crypto-dedicated venture franchises.

Portfolio

Notable bets · 5

3 with realized tokens or exits

Coinbase

2013
ExchangeEarlyIPO

Kraken

2014
ExchangeEarlyActive

Worldcoin

2021
Identity / AIGrowthToken live

Aave

DeFiEarlyToken live

Securitize

RWASeries AActive

In their orbit

Deals Lookout covers.

Team

Who runs the capital.

Bart Stephens

@cryptobart

Co-Founder & Managing Partner

Co-founded Blockchain Capital in 2013; longtime venture investor.

Spencer Bogart

@CremeDeLaCrypto

General Partner

Former Needham analyst; one of the first Wall Street analysts to cover crypto.

Co-investors

Who they ride with.

a16z CryptoUnion Square VenturesPantera CapitalRibbit Capital

Facts public-source · tier & read are Lookout judgment · profile updates continuously