San-Francisco-based venture capital firm has announced the final closing of its second fund. The total capital of $13m surpassed the target $10m initially expected by Blockchain Capital.

Throughout 2015 Blockchain Capital has been investing out of the second fund. The total number of bitcoin and blockchain businesses supported by the firm amounts to 23. Blockchain Capital intends to continue helping blockchain-based start-ups to develop their potential.

Along with the closing of the fund, Blockchain Capital appointed new Advisory Board members, including Alison Davis, Director of the Royal Bank of Scotland; Terry Schwakopf, Senior Advisor at Deloitte; John Wolpert, Global Blockchain Offering Director at IBM; Bobby Lee, CEO at BTCC and Director Bitcoin Foundation; Mary Cranston, Director at Visa, and others.

Last year, the venture firm funded Noble Markets, a New York-based bitcoin start-up which partnered with Nasdaq to create a new platform for trading settlements. Blockchain Capital also took part in the first major blockchain investment of 2016 investing in Gem, an API platform that provides bitcoin developers with tools to integrate bitcoin into an app or a service.

Sonya Belova