Skip to content Skip to sidebar Skip to footer

Blockchain.com has Raised $14 Billion in a Funding Round Led by Lightspeed Venture Partners

More than doubling the company’s valuation, Blockchain.com claimed it obtained an additional investment valued at US$14 billion (about RM58.84 billion). 

This shows that cryptocurrency startups continue to enjoy investor favor in unstable venture capital markets.

According to Blockchain.com, Lightspeed Venture Partners and Baillie Gifford & Co. pushed Blockchain.com into the rankings of the most valuable crypto firms. 

CEO Peter Smith heads the company, which was founded in 2011. Lightspeed and VY Capital joined forces with the business in March 2021 to raise $300 million at a US$5.2 billion value.

In April last year, Baillie Gifford, an Edinburgh-based financial services firm, invested a total of US $100 million in Blockchain.com.

Last year, Blockchain.com announced that it was shifting its US headquarters from New York to Miami and leased a 22,000 sq ft (2,044 sq m) office in Miami’s Wynwood arts neighborhood, where it would ultimately employ roughly 300 employees.

More than $1 trillion has been exchanged between the company’s 37 million verified users and 82 million wallets, according to the company’s website.

Previous Rounds of Financing for Blockchain.Com

However, the crypto exchange’s Series C fundraising round, which included partners from DST Global Lightspeed Venture and VY Capital, was held in March 2021. 

In addition, a number of worldwide investors contributed additional funds. After securing $300 million in this round, the London-based platform’s value has risen to $5.2 billion. 

Series C fundraising brought the company’s valuation up to $3 billion after it raised $120 million prior to this round of funding.

About Blockchain.com

It’s possible to purchase, store, and utilize bitcoin on Blockchain.com. It establishes an internet-based financial system that allows anybody to manage their money. 

The Blockchain.com platform has more than 50 million registered users. To acquire bitcoin, trade cryptocurrencies, transfer and receive digital currencies, secure and borrow them, you may use this service. 

There is a lot of interest in the Blockchain.com explorer and the Blockchain.com exchange because of their high traffic and rapid trade speeds.

***

Leave a comment