Jump Capital Doubles Down on Crypto with $350M Fund

Jump Capital has closed its seventh venture fund with $350 million in total capital commitments. The firm's new vehicle will continue to invest in fintech, IT and data infrastructure, future of commerce and media, and B2B SaaS, while allocating more resources to blockchain and digital asset companies.

The fund follows nearly a decade of venture investing that has resulted in over 100 portfolio companies and close to 30 exits. Jump Capital began investing in crypto roughly seven years ago and has since expanded its crypto portfolio through investments in Securitize, Shelby, and KGeN.

According to the firm's official announcement, it plans to continue supporting early-stage technology companies while dedicating additional capital and personnel to blockchain infrastructure, decentralized finance, crypto networks, gaming, and other parts of the digital asset ecosystem.