Cryptocurrency financial services provider Blockchain.com revealed on Wednesday that the company has raised $300 million in a round of financing. Blockchain.com’s most recent round of financing is the company’s $120 million in financing last month.
Blockchain.com is now worth $5.2 billion
On March 24, Peter Smith, CEO of Blockchain.com, announced that the company is pleased to announce a new Series C financing. The company has raised $300 million from investors, and Blockchain.com’s post-financing valuation has increased to $5.2 billion. Smith detailed on Wednesday that the funding came from partners such as VY Capital, Yuri Milner’s DST Global and Lightspeed Venture Partners. Smith said that in the past year, the company has made tremendous development and now has 31 million verified users in 200 countries/regions using the Blockchain.com service.
“In the past 12 months, the number of active users we have seen has increased threefold,” Smith said in the announcement. Smith said that after the new round of financing, the company received $120 million in strategic growth funds.
Smith said: “Although Blockchain.com has a high profit margin in each of our business areas (in the first two months of 2021, it has exceeded the full contribution rate of 2020),” “We believe that our new The partners have experience in supporting the company during periods of rapid economic growth, and are a perfect complement to some of our recently added best macro investors (such as Louis Bacon and Kyle Bass). By combining Jim Messina (Jim Messina) ) By joining our board of directors, we aim to prepare for the development of an industry-leading company and global brand.
Crypto financial service providers plan to actively expand their products
The new member of the company’s board of directors, Jim Messina, is known for his role as Deputy Chief of Staff of the White House during his tenure in the Obama administration. Smith further pointed out: “Since 2011, the Blockchain.com team has been working low-key and working tirelessly to build a company at the intersection of cryptocurrencies, institutions and (most importantly) people.”
Smith also said that the funding will help strengthen the company’s vision, and the team plans to “actively expand the products we provide to customers.” Blockchain.com also provides non-custodial wallets, blockchain data on the chain, and cryptocurrency trading platforms. “[Blockchain.com aims to] Expand our global team and seek M&A opportunities to bring exciting new products and ideas into the company. “Smith emphasized.
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