Share this article
Jump Capital Raises $350M Venture Fund With ‘Increased Concentration’ on Crypto
The firm’s seventh venture fund is 75% larger than the preceding one from October 2019.
Updated May 11, 2023, 7:00 p.m. Published Sep 14, 2021, 3:49 p.m.
Jump Capital, a Chicago-based venture capital firm, has closed a $350 million fund that will have an greater focus on crypto.
- The firm’s seventh venture fund is 75% larger than the preceding $200 million fund of October 2019.
- One of the beneficiaries of Jump Capital’s earlier investments in crypto was Mexico-based exchange Bitso, which worked with El Salvador’s government in developing the Chivo wallet for the country’s citizens following El Salvador’s adoption of bitcoin as legal tender. Jump Capital joined a $62 million funding round into Bitso led by technology company Ripple in 2019.
- As with previous funds, Jump Capital is eyeing early-stage investments in sectors such as fintech, IT infrastructure and B2B software as a service. However, the fund will have “an increased concentration on the evolving crypto ecosystem,” it announced Tuesday.
- The fund will focus on base infrastructure layers, decentralized finance (DeFi), gaming and Web 3.0.
- Jump Capital’s sister firm, Jump Trading, today said it launched a new division, Jump Crypto, dedicated to building software infrastructure for blockchain systems as well as to crypto trading and market-making activities.
Read more: Eden Network Raises $17.4M to Shield Ethereum Users From Malicious Miners
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
