- Cryptocurrency wallet company Blockchain.com announced recently that it has raised $300 million in Series C funding at a $5.2 billion valuation. These are the details.
Cryptocurrency wallet company Blockchain.com announced recently that it has raised $300 million in Series C funding at a $5.2 billion valuation. This round of funding was led by partners of DST Global, Lightspeed Venture Partners, and VY Capital.
This funding round also comes just about a month after the company raised $120 million from several investors. Launched in 2011, Blockchain.com recorded more than 65 million crypto wallets created in over 200 countries. Plus the company has over 3 million verified users and a market share of 28% across bitcoin transactions.
As the interest in bitcoin has been surging due to a bull run, Blockchain.com saw a 300% increase in active users over the past year. And Blockchain.com CEO and founder Peter Smith said that the company is highly profitable across its business lines.
