London-based venture capital company Blossom Capital has recently launched a $432 million fund. According to the company, a third of the funds raised will go to finance startups related to cryptocurrencies and blockchain, Bloomberg has reported.
The rest of the money will be used to support projects in the field of consumer applications, cybersecurity, developer tools, enterprise software as a service, fintech and marketplaces.
Blossom Capital is focused on European startups at an early stage of development.
The Block has reported the firm’s previous $185 million fund invested in individual tokens and NFTs, among other things. The team has invested resources and time to create the necessary infrastructure for such an investment.
Blossom Capital managing partner Ophelia Brown’s Twitter profile shows CryptoPunk #985, which was purchased in December for 98 ETH.