Bloccelerate
Facts
- HQ
- Seattle
- Sectors
- Venture Capital, Blockchain, Web3, Crypto
Former Starbucks Exec Adam Brotman and Investor Andy Sack Raise $10M for Forum3 to Expand NFT Loyalty Tech
Seattle tech veterans Adam Brotman and Andy Sack raised $10 million to launch Forum3, a startup offering NFT-based customer engagement tech designed to simplify blockchain use for consumer brands. Forum3 aims to provide a white-labeled version of Starbucks' NFT loyalty program, Odyssey, removing cryptocurrency barriers for users.
Seattle Blockchain VC Bloccelerate Raises $20M for Second Fund Amid Crypto Market Slowdown
Seattle-based blockchain VC firm Bloccelerate is raising a second fund and has secured $20 million so far, building on its original $12 million fund from 2020. Despite a slowdown in blockchain and Web3 startup funding during the crypto market downturn, Bloccelerate and other firms like Andreessen Horowitz continue to invest heavily in the space.
Seattle-based Bloccelerate VC raises $12M first fund to invest $500K–$2M in enterprise blockchain startups
Seattle-based Bloccelerate VC raised $12 million for its first fund to back 10–15 early-stage blockchain startups selling to enterprise customers, with typical investments of $500,000–$2 million; the three-year-old firm has already invested in five companies including BlockApps, Symbiont, and MakerDAO. CEO Kate Mitselmakher and GP Sam Yilmaz say the pandemic and rising cryptocurrency adoption are accelerating enterprise blockchain use cases across supply chain, capital markets, healthcare, and record-keeping.
