Blockchain Capital has raised $150 million for its latest fund, bringing its total assets under management to approximately $250 million.

Blockchain Capital IV was oversubscribed at its hard cap with institutional limited partners representing fund of funds, foundations, strategic investors and family offices.

The company also said it promoted Spencer Bogart to partner. He was previously managing director and head of research.

Blockchain Capital is a venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem.