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Funding Alert: Blockchain.com Raises $300M in Series C Funding Round

Blockchain.com, a crypto wallet, and exchange platform has raised $300 million in a Series C funding round taking their overall valuation to $5.2 billion. The funding round was led by DST Global, Lightspeed Venture Partners, and VY Capital along with several existing investors. The recent fundraising by the crypto firm was also the third-largest in the crypto world, only behind Blockfi which raised $350 million only a couple of weeks ago, and Bitmain that raised $400 million back in 2018.

I’m pleased to share that @Blockchain has raised a Series C, securing $300M in funding at a $5.2B post-money valuation led by DST Global, @lightspeedvp, and VY Capital.
More:https://t.co/3iSGnflcm3
— Peter Smith (@OneMorePeter) March 24, 2021

Blockhain.com’s valuation has grown by more than $2 billion in just over a month rising from $3 billion in February to $5.2 billion today. The crypto platform plans to utilize the capital to expand its services and workforce to keep up with the growing demand for crypto services in 2021.
Peter Smith CEO and Co-Founder of Blockchain.com in a blog post wrote,
“We continue to be honored by the trust our consumer and institutional clients put in us each day. Over 31M verified users in over 200 countries use our products, and we’ve seen a 3x increase in active users over the past 12 months alone.”
He added,
“With one of the most significant balance sheets in the industry, we plan to aggressively expand the products we offer our customers, grow our global team, and pursue M&A …
Story continues on CoinGape

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