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BlockFi Completes its Series D fundraising of $350 Million

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4 years ago

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BlockFi Completes its Series D fundraising of $350 Million
BlockFi

Today BlockFi announces that it has successfully completed its Series D investment round of $350 Million. Now after BlockFi’s Series D investment round the valuation of the company is $3 billion.

The Series D investment round was led by new investors, including Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global.

“In less than six months since we completed our Series C, bitcoin and other digital assets have assumed a central role in many investors’ portfolios and in broader financial markets. Our conviction that digital assets are the future of finance has been vindicated by our client base, which grew 10X year-over-year in 2020 and has more than doubled since the end of 2020,” said Zac Prince, CEO and Co-Founder of BlockFi.

Flori Marquez, Senior Vice President of Operations and Co-Founder of BlockFi added, “Our goal for BlockFi has always been to facilitate cryptocurrencies going mainstream, and each day provides more evidence that is exactly what is occurring.”

BlockFi was founded in 2017 by Zac Prince and Flori Marquez. It is building a bridge between cryptocurrencies and traditional financial and wealth management products.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.