Blockchain.com Raises $300M At A $5.2B Valuation to ‘Aggressively’ Expand its Products
The company has over 31 million verified users, recording a 3x increase in active users and a total of 70.243 million unique wallets.
London-based cryptocurrency firm Blockchain.com has raised $300 million in its latest funding round with a valuation of $5.2 billion.
The Series C round was led by DST Global, Lightspeed Venture Partners, and VY Capital.
Just last month, the company that offers digital wallets for storage of cryptos along with trading and other services for larger investors said it raised about $120 million with investment from Alphabet Inc’s venture capital unit.
Launched in 2011, the total number of unique Blockchain.com wallets created has reached 70.243 million to date.
The company has more than 31 million verified users in over 200 countries, recording a 3x increase in active users over the past 12 months. Peter Smith, CEO & co-founder of Blockchain said,
“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 opportunities to bring exciting new products and ideas into the company.”
Bitcoin soaring to a record high of nearly $62,000 this month is leading to ballooning valuations of companies in the crypto space.