The San Francisco based fund led by David Sacks, former co-founder and COO of PayPal, has closed its second venture found with $500m in capital commitments. Blockchain has been a major theme within Craft's investment strategy from the outset.
Another is Superplastic, a year-old, Burlington, Vt.-based maker of limited-edition art toys that’s trying to turn two of its characters into animated digital media stars. It raised $10 million in Series A funding led by Craft in the summer. At the firm’s outset, blockchain was a major theme, though Craft appears to be fast-evolving into an outfit that invests far more broadly.