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Crypto Lender BlockFi Raises $350M at a $3B Valuation
Crypto lender BlockFi has raised a whopping $350 million. Investors in the Series D funding round valued the company at $3 billion, BlockFi announced Thursday. The round was co-led by Bain Capital Ventures and joined by a slew of others. BlockFi is looking to cement itself as one of the leading lenders in the cryptocurrency industry, providing both trade execution services for institutions and opportunities for retail investors to get yield on their bitcoin holdings. BlockFi currently has $10 billion in outstanding loans, $15 billion in total assets and has been “operating profitably for several months,” BlockFi ... (full story)
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BlockFi confirms $350 million Series D funding round at $3 billion valuation
After much anticipation, crypto lending startup BlockFi has confirmed the close of a blockbuster Series D round that values the company at $3 billion. In a media release, the firm said it has raised $350 million from a wide range of investors including Tiger Global and Bain Capital Ventures, confirming previous reporting by The Block. The firm — which has a business that spans lending, trading, and asset management — now counts a wide-range of crypto native and traditional investors as backers including Valar Ventures, which led its Series B funding round last year. To date, the firm has raised about $450 million ... (full story)
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