/crypto
mamun3122
·
3 years ago
Blockchain.com's value rockets to $14B after new funding round: Reports
Blockchain.com has secured a staggering $14 billion valuation after raising an undisclosed amount in funding from global VC firms.Cryptocurrency exchange and financial services firm, Blockchain.com, has reportedly raised new funding at a valuation of $14 billion.
According to Bloomberg, the financing round was led by global venture capital firm Lightspeed Ventures and Baillie Gifford & Co., an investment management firm renowned for its early involvement in growth stocks such as Tesla.
The funding round — which is yet to be publicly confirmed by Blockchain.com or the investors — reportedly saw the firms’ valuation increase from $5.2 billions to $14 billion. The total amount of funding raised is yet to be announced.
Founded in 2011, Blockchain.com is now one of the world’s largest cryptocurrency companies, and offers a wide range of blockchain-based financial services from its exchange platform and crypto wallets all the way to specific institutional products. It has 37 million verified users with 82 million wallets and over $1 trillion in total transaction value across its platform.
In April last year, Blockchain.com made headlines after securing a $100 million investment from Baillie Gifford & Co., which at the time was the single largest investment ever made in the company.
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