Blockchain.com Raises $300 Million Through Series C Funding Round Led By DST Global Partners, VY Capital, & Lightspeed

 

Blockchain.com, a UK-based cryptocurrency pockets and alternate, introduced earlier this week it secured $300 million by way of its Series C funding spherical, which was led by Global, Lightspeed Venture Partners, and VY Capital, with participation from different present and main buyers. The newest funding spherical comes lower than two months after Blockchain.com raised $120 million by way of its newest strategic progress funding spherical led by macro buyers, which included embrace Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture PartnersGV (aka Google Ventures), Lakestar, and Eldridge.

As previously reportedBlockchain.com states it’s connecting the world to the way forward for finance. The platform additional defined:

“We are the most trusted and fastest-growing crypto company, helping millions across the globe – from single individuals to the largest institutions – have an easy and safe way to buy, sell and store cryptocurrency. Known as the world’s most popular crypto wallet, Blockchain.com is on a path to revolutionizing the $14 trillion financial services industry.”

Bitcoin.com not too long ago revealed when it got down to increase its Series A spherical in 2014, there was a handful of venture-based cryptocurrency corporations. Six years later, Bitcoin has crossed the value goal of $50,000.

“Over 65 million Wallets have been created in 200+ countries. And 28% of all Bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume. What excites me most about this moment is the immense optimism about cryptocurrency from serious, institutional investors.”

Blockchain.com’s CEO and Founder, Peter Smith, additionally shared that greater than 31 million verified customers in over 200 international locations use its merchandise, and it has additionally seen a thrice enhance in energetic customers over the previous twelve months.

We believe that our new partners, who have experience in supporting companies during times of hyper growth — are the perfect complement to our recent addition of some of the best macro investors like Louis Bacon and Kyle Bass. With the addition of Jim Messina to our Board of Directors, we aim to be ready to evolve into an industry-leading company and global brand.”

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