Jump Capital Launches $350M Fund with Focus on Crypto, DeFi

The company has closed its 7th venture fund, which is 75% higher in capital from its 6th fund of $200 million, Peter Johnson, partner at Jump Capital, told Blockworks.

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key takeaways

  • “This new fund will have a large focus on crypto,” Johnson said
  • There will also be continued investments across areas of FinTech, IT/data infrastructure, future of commerce and media and B2B SaaS, Johnson said

Venture capital firm Jump Capital has launched its largest fund to date of $350 million total capital commitment with an “increased concentration on the evolving crypto ecosystem,” according to the announcement. 

This is Jump Capital’s 7th venture fund, which is 75% higher in capital from its 6th fund of $200 million, Peter Johnson, partner at Jump Capital, told Blockworks. The total amount raised across all seven funds has not been publicly announced, Johnson said. 

Nine years ago, Jump Capital partnered with its sister company Jump Trading, which is a global technology, trading and research firm. Since then, it has had over 100 investments and nearly 30 exits, it said. 

“This new fund will have a large focus on crypto,” Johnson said. “This is an area we have had significant success since we started investing in crypto companies in 2015,” and now Jump Capital is invested in over 10 crypto companies and projects that have over billion-dollars or more in valuations, he said.

The crypto investments will be led by Johnson and Jump Capital General Partner Saurabh Sharma, he said. Similar to previous funds, this new fund will focus on early-stage investments across areas of FinTech, IT/data infrastructure, future of commerce and media and B2B SaaS.

It will invest its crypto-related funds in both equity and tokens, across the areas of DeFi, financial applications, blockchain infrastructure, and Web 3.0, Johnson said. 

“We are uniquely positioned for success in this area given the team’s backgrounds in consumer fintech, capital markets, distributed systems, computing infrastructure, and our connection with Jump Trading, which is one of the largest participants in the crypto markets,” he said. 

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