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, which was founded alongside Jump Trading in 2012, says this is its largest fund to date.

The new vehicle will continue to invest in fintech, IT and data infrastructure, future of commerce and media, and B2B SaaS companies, but with a stronger focus on blockchain and digital asset investments. This represents a significant shift for Jump Capital, which has been investing in crypto since roughly seven years ago.

The firm's official announcement notes that market conditions have changed considerably since its founding. Access to Series A and Series B capital has become more limited, while investor attention towards startups in the Midwest increased during the pandemic. At the same time, blockchain emerged as a technology capable of changing financial markets and introducing new models of ownership and value transfer.

Jump Capital's crypto portfolio already includes investments across exchanges that support fiat on-ramps, lending and credit platforms, compliance software, asset management platforms, decentralized finance, gaming, Web3 infrastructure, and blockchain networks. The firm made significant moves in the crypto space recently, including acquiring a stake in Securitize to expand institutional access to tokenized real-world assets.