Blockchain.com has just completed a Series C funding round resulting in $300 million for the decade-old company. The funding comes just a month after the company completed an earlier financing round that totaled $120 million and as the crypto company hits 31 million verified users across 200 countries. The current round of funding brings the company to a $5.2 billion post-money valuation.
According to a recent Yahoo! Finance article, the company has raised $1.5 billion in the last 10 years as interest in Bitcoin surges. Blockchain.com originally launched as a block explorer and has grown to where today it provides a popular open-source wallet for customers to trade and store cryptocurrencies as well as financial services such as credit and structured products.
“In the last 12 months, between debt and equity, we’ve raised over $1.5 billion,” said Blockchain.com CEO Peter Smith in the article. “I think that’s really driven by the fact that experienced and sophisticated investors are seeing for the first time not just consumers in the crypto market, but institutions as well. And when they see a business like ours that’s profitable on both the consumer basis as well as on the institutional basis as well as profitable overall they want to be a part of that growth story.”
Blockchain.com is connecting the world to the future of finance. As a trusted and fast-growing crypto company, Blockchain.com helps millions across the globe — from single individuals to the largest institutions — have an easy and safe way to access cryptocurrency. Through the use of blockchain technology, Blockchain is revolutionizing the $14T financial services industry. Blockchain has raised more than $70 million in funding from leading investors including Lightspeed Venture Partners and Google Ventures. For more information, visit www.Blockchain.com.
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Article Source: Naviga News Edge