European VC Blossom Capital Raises $432M Fund For Tech, Crypto Investments

London-based venture capital (VC) firm Blossom Capital has raised a $432 million fund to invest in early-stage technology startups in Europe, including crypto.

• Blossom III would be the largest Series A fund in Europe, the firm said in a press release on Tuesday. The VC has earmarked one-third of the fund for crypto investment.

• Bloomberg had earlier reported on the new fund.

• Blossom Capital was founded in 2019 by managing partner Ophelia Brown and has raised a total of around $1 billion. The firm, which has a team of six, also added Alex Kim as managing partner recently.

• “We aren’t looking to just invest in crypto assets, we are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” Brown said in the Bloomberg report.

• One of Blossom Capital's most notable investments in the crypto sphere is payments infrastructure company Moonpay. In November, Moonpay raised $555 million at a valuation of $3.4 billion.

• The round was led by Coatue and Tiger Global with participation from Blossom Capital, Paradigm, NEA and Thrive.

• The VC has also invested in video scaling platform api.video, automation firm Aurelia, and payments portal Checkout.com, according to its website.

Read more: Payments Infrastructure Firm MoonPay Raises $555M at a $3.4B Valuation

UPDATE (Jan. 18, 09:09 UTC): Updates the sourcing throughout the story, adds further details from Blossom.