European VC Blossom Capital Raises $432M For Investments in Tech, Crypto: Report

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

The VC has earmarked one-third of the funding for crypto investment, according to the report.“We aren’t looking to just invest in crypto assets, we are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” founder Ophelia Brown said.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.Blossom Capital did not immediately respond to a request for comment.

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