Blockchain.com Raises $300M Series C Led by DST Global Partners, VY Capital & Lightspeed
I’m pleased to share that we’ve raised our Series C, securing $300M in funding at a $5.2B post-money valuation led by partners of DST Global, Lightspeed Venture Partners, and VY Capital, with participation from other existing and leading investors from around the world.
Since 2011, the Blockchain.com team has been heads down, relentlessly focused on building a company at the intersection of cryptocurrency, institutions, and (most importantly) people around the world. We continue to be honored by the trust our consumer and institutional clients put in us each day. Over 31M verified users in over 200 countries use our products, and we’ve seen a 3x increase in active users over the past 12 months alone.
This round follows our $120M strategic growth round that we announced a month ago, led by a number of the best macro investors in the world. While Blockchain.com is highly profitable across each of our business lines (having surpassed all of 2020 contribution margin in the first 2 months of 2021) we believe that our new partners, who have experience in supporting companies during times of hyper growth — are the perfect complement to our recent addition of some of the best macro investors like Louis Bacon and Kyle Bass. With the addition of Jim Messina to our Board of Directors, we aim to be ready to evolve into an industry-leading company and global brand.
With one of the most significant balance sheets in the industry, we plan to aggressively expand the products we offer our customers, grow our global team, and pursue M&A opportunities to bring exciting new products and ideas into the company.
I couldn’t be more proud of the team, I couldn’t be more optimistic about the future of Blockchain.com, our products, and our brand to meet this moment.
Blockchain.com Raises $300M Series C led by DST, VY Capital & Lightspeed was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.