Total amount raised
$600 Millions
Latest funding date
Location
Blockchain.com has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of cryptocurrency services, including a wallet, exchange, and institutional solutions.
Keep reading to explore the intricacies of Blockchain.com's fundraising journey and the investors backing this innovative platform.
What Is Blockchain.com?
Founded in 2011, Blockchain.com is headquartered in London, England. The company was established by Benjamin Reeves, Nicolas Cary, and Peter Smith.
Blockchain.com offers a comprehensive platform for buying, holding, and using cryptocurrency. Their services include digital wallets, trading platforms, institutional markets, data APIs, and payment services.
With a team of 251-500 employees, Blockchain.com aims to create a financial system for the internet, empowering users worldwide to control their money.
How Much Funding Has Blockchain.com Raised?
- Series A
- Amount Raised: $30M
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and user base.
- Series B
- Amount Raised: $40M
- Date: June 2017
- Lead Investors: Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: March 2019
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources.
- Series C
- Amount Raised: $300M
- Date: March 2021
- Lead Investors: Baillie Gifford, DST Global, LG Group, Lightspeed Venture Partners, Vy Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the booming crypto market and expand services.
- Venture Round
- Amount Raised: $120M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and market expansion.
- Series D
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Baillie Gifford, Lightspeed Venture Partners
- Valuation at Round: $14 billion
- Motivation Behind the Round: To leverage the bullish market conditions and investor confidence.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2022
- Lead Investors: Kingsway Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations amid market challenges.
- Series E
- Amount Raised: $110M
- Date: November 2023
- Lead Investors: Kingsway Capital
- Valuation at Round: Less than $7 billion
- Motivation Behind the Round: To navigate challenging market conditions and regulatory environment.
Total Amount Raised: $600M. Current Valuation: Less than $7 billion.
Key Investors
- Kingsway Capital
- Details: Kingsway Capital is a UK-based venture capital firm founded by Manny Stotz. The firm manages $5 billion in assets and focuses on high-growth sectors.
- Investment Focus Areas: Technology, emerging markets, crypto.
- Notable Investments: BVNK, VALOREO.
- Baillie Gifford
- Details: Baillie Gifford is a renowned investment management firm known for its long-term investment strategy. The firm has a history of backing innovative companies.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, SpaceX.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that invests in the enterprise, consumer, and health sectors. The firm has a strong track record of supporting early-stage companies.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snapchat, Nest, GrubHub.
- Lakestar
- Details: Lakestar is a venture capital firm that invests in technology-driven companies. The firm has a significant presence in Europe and focuses on early and growth-stage investments.
- Investment Focus Areas: Technology, fintech, digital health.
- Notable Investments: Spotify, Skype, Revolut.
- Coinbase Ventures
- Details: Coinbase Ventures is the investment arm of Coinbase, a major cryptocurrency exchange. The firm focuses on early-stage investments in the crypto and blockchain sectors.
- Investment Focus Areas: Cryptocurrency, blockchain, fintech.
- Notable Investments: Compound, OpenSea, BlockFi.
What's Next for Blockchain.com?
Blockchain.com stands at the cusp of significant opportunities, bolstered by a recent $110 million Series E funding round. With new board members from Kingsway Capital and Lakestar, the company is well-positioned to leverage their expertise in finance and technology. The fresh capital injection provides Blockchain.com with the resources to expand its services, enhance its technology, and potentially enter new markets, all while navigating the current market challenges.
Despite the halved valuation, investor confidence remains strong, suggesting potential for future fundraising rounds. The involvement of high-profile investors like Baillie Gifford and Coinbase Ventures indicates that Blockchain.com could attract additional capital if it demonstrates growth and stability. However, the company faces significant challenges, including the broader crypto market's volatility and regulatory advancements in the UK and US. These factors, coupled with past financial losses and layoffs, underscore the need for strategic planning and resilience as Blockchain.com moves forward.
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