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Jump Capital closes $350M crypto-heavy Fund VII

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Jump Capital closes $350M crypto-heavy Fund VII

2026-07-29 07:31 UTCBy AlphaScala Research DeskSource reporting: Crypto newsEditorial standards

Jump Capital closes $350M crypto-heavy Fund VII

Jump Capital's seventh fund at $350 million will allocate more resources to blockchain and digital assets, citing growing institutional adoption and rapid product development.

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Jump Capital has closed its seventh venture fund at $350 million, the firm said July 29, marking its largest vehicle to date and signaling a deeper commitment to crypto investments.

The fund will continue backing early-stage technology companies but with a heavier allocation to blockchain and digital assets, according to the announcement. Jump Capital, founded in 2012 alongside trading firm Jump Trading, originally focused on software and tech startups outside traditional coastal venture markets, supplying Series A and Series B funding. Over nearly a decade it has built a portfolio of more than 100 companies and achieved close to 30 exits.

Market conditions have shifted since then, the firm said. Access to early-stage capital has tightened, while pandemic-era attention on Midwest startups increased. Meanwhile, blockchain emerged as a technology capable of reshaping financial markets and introducing new ownership and value-transfer models, according to the announcement.

Jump Capital began investing in crypto about seven years ago, building a dedicated team led by partners Saurabh Sharma and Peter Johnson. Their experience across distributed systems, computing infrastructure, fintech, and capital markets encouraged the firm to commit more resources through Fund VII, the statement said. The firm and its affiliate Jump Trading now invest globally across crypto, citing rising institutional participation, continued retail adoption, and rapid product development as factors supporting the strategy.

The crypto portfolio already spans exchanges that support fiat on-ramps, lending and credit platforms, compliance software, asset management, decentralized finance, gaming, Web3 infrastructure, and blockchain networks.

In May 2025, Jump Crypto acquired a significant equity stake in Securitize for an undisclosed amount. Securitize said the partnership would expand institutional access to tokenized real-world assets, including U.S. Treasurys, private credit, and private equity, while improving collateral management. Securitize Chief Operating Officer Michael Sonneshein said the investment showed growing institutional conviction in tokenization.

In June 2025, Aptos Labs and Jump Crypto launched Shelby, a decentralized hot storage network designed to provide cloud-grade infrastructure for Web3 applications. Aptos Labs said Shelby delivers sub-second data access across multiple blockchains. Jump Crypto said the protocol addresses blockchains’ inability to efficiently serve large datasets at scale. Collaborators announced for Shelby included Metaplex, Pipe Network, Story, Myco, DoubleZero, and Flashback Labs, with Aptos as the initial settlement layer.

In September 2025, Web3 distribution protocol KGeN announced a $13.5 million strategic funding round backed by Jump Crypto, Accel, and Prosus Ventures, raising KGeN’s total funding to $43.5 million. KGeN said the proceeds would support expansion of its POGE identity and reputation framework, which helps Web3 applications manage user acquisition, commerce, and loyalty programs on-chain. At the time, KGeN reported operations across more than 60 countries, 38.9 million verified users, $48.3 million in annualized revenue, and roughly 780,000 daily active users. Jump Crypto Chief Investment Officer Saurabh Sharma said KGeN’s distribution model introduced more accountability into digital user acquisition.

Alongside its crypto activity, Jump Capital’s venture business has completed more than 100 investments and nearly 30 exits since launch. The firm pointed to exits involving Personal Capital, acquired by Empower, Flashpoint, acquired by Audax, and Tubi, acquired by Fox, while also highlighting companies including SPIRE, Fast Radius, M1 Finance, Degreed, TradingView, LogicGate, and LinkSquares among its portfolio.

Jump Capital said its investment process relies on sector-specific research and discussions with industry participants before identifying founders whose businesses align with the firm’s investment themes. With Fund VII closed, the firm plans to continue supporting early-stage technology companies while dedicating additional capital and personnel to blockchain infrastructure, decentralized finance, crypto networks, gaming, and other parts of the digital asset ecosystem.