Total amount raised
$561 Millions
Latest funding date
01/01/2023
Location
Title
Blockstream has successfully raised approximately $210 million over several funding rounds, achieving a valuation of around $3.2 billion. The company is a global leader in Bitcoin and blockchain technology, offering a suite of products designed to enhance the security, scalability, and decentralization of blockchain networks.
Keep reading to explore the intricacies of Blockstream's fundraising journey and the investors backing this innovative platform.
What Is Blockstream?
Blockstream, founded in 2014, is headquartered in Victoria, British Columbia, Canada. The company was established by Adam Back, Gregory Maxwell, Pieter Wuille, and Matt Corallo, among others.
Blockstream is a global leader in Bitcoin and blockchain technology, focusing on building the financial infrastructure of the future. They offer a range of products, including the Liquid Network, Blockstream AMP, and Blockstream Satellite.
With a team of around 50-100 employees, Blockstream continues to innovate and advance the Bitcoin ecosystem, providing secure and scalable solutions for digital asset management.
How Much Funding Has Blockstream Raised?
- Seed Funding Round
- Amount Raised: $21 million
- Date: November 17, 2014
- Lead Investors: Reid Hoffman, Khosla Ventures, Real Ventures
- Motivation Behind the Round: To advance the core technology underpinning Bitcoin and support massive scaling of Bitcoin and blockchain technology.
- Series A Funding Round
- Amount Raised: $55 million
- Date: February 3, 2016
- Lead Investors: Horizons Ventures, AXA Strategic Ventures, Digital Garage
- Motivation Behind the Round: To bring blockchain innovation to market using its sidechain technology and expand operations globally.
- Series B Funding Round
- Amount Raised: $210 million
- Date: August 24, 2021
- Lead Investors: Baillie Gifford, iFinex
- Valuation at Round: $3.2 billion
- Motivation Behind the Round: To monetize the Liquid Network and expand product offerings.
- Latest Funding Round
- Amount Raised: $125 million
- Date: January 26, 2023
- Lead Investors: Kingsway Capital, Fulgur Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand mining facilities to meet high demand for institutional hosting services.
Blockstream has raised a total of $411 million in funding, with the most recent valuation at $3.2 billion.
Key Investors
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. They are known for their long-term growth investment strategy.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Tesla, Amazon, Alibaba
- iFinex
- Details: iFinex is the parent company of Bitfinex, a major cryptocurrency exchange. They are deeply involved in the cryptocurrency market.
- Investment Focus Areas: Cryptocurrency, blockchain, trading platforms
- Notable Investments: Bitfinex, Tether
- Kingsway Capital
- Details: Kingsway Capital is a private equity firm that led Blockstream's recent funding round. They focus on high-growth sectors.
- Investment Focus Areas: Technology, infrastructure, emerging markets
- Notable Investments: Not publicly disclosed
- Fulgur Ventures
- Details: Fulgur Ventures is an investment firm that participated in Blockstream's recent funding round. They specialize in blockchain and cryptocurrency investments.
- Investment Focus Areas: Blockchain, cryptocurrency, fintech
- Notable Investments: Not publicly disclosed
- Horizons Ventures
- Details: Horizons Ventures is a venture capital firm that led Blockstream's Series A funding round. They are known for investing in disruptive technology companies.
- Investment Focus Areas: Technology, innovation, digital media
- Notable Investments: Facebook, Spotify, Zoom
What's Next for Blockstream?
Blockstream's future is brimming with opportunities, particularly in expanding its renewable energy mining products and developing its own Bitcoin miner. The company is poised to capitalize on the growing demand for sustainable cryptocurrency mining solutions and institutional hosting services. Enhancing the Liquid Network and Core Lightning implementation could attract more enterprise users, while Blockstream Jade offers advanced security for digital assets.
With a recent $125 million funding round, Blockstream is well-positioned for further growth. Future fundraising could focus on scaling operations and technological advancements. However, challenges such as market volatility, regulatory changes, and competition from other blockchain firms remain. Navigating these hurdles will be crucial for Blockstream's continued success.
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