In addition to contributing to Forbes, I am a data scientist and consult for financial institutions managing regulatory, business transformation, and technology programs. The company now boasts more than $1.5 billion in assets on the platform. The company has raised $158.7 million up to a Series C. The round was co-led by Bain Capital … BlockFi is a cryptocurrency custodian that allows its customers to take out USD loans against their cryptocurrencies. On Feb. 12, 2021, BlockFi bagged a Series D funding round worth $2.85 billion. BlockFi’s Series C comes amid turbulence in world markets, with many retail and institutional investors reassessing their portfolios to better hedge against ongoing economic uncertainty, such as inflation or a sudden drop in the stock market. “We’re a driving force bringing cryptocurrencies mainstream, and I can’t wait to see how the market is going to respond to what we’re working on next.”, As a journalist, I report on cryptocurrency, collateralized tokens and stablecoins. BlockFi has announced raising US$50m in Series C funding led by Morgan Creek Digital. The future of finance. BlockFi News. All Rights Reserved. In a statement to the public, Anthony Pompliano stated that the funding round was led by his crypto asset […] Gunderson Dettmer represented client BlockFi in its $50 million Series C financing led by Morgan Creek Digital, with participation from Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital and HashKey. BlockFi News. The firm’s $50 million Series C was announced last … BlockFi’s successful Series C round is coming on the heels of the company posting a 10-fold surge in its revenues over the past year. BlockFi Raises $50M Series C Led by Morgan Creek Digital. BlockFi is a cryptocurrency custodian that allows its customers to take out USD loans against their cryptocurrencies. Series A and Series B funding round of BlockFi was led by Valar Ventures. BlockFi Adds Support for PAX Gold (PAXG) and Tether (USDT) September 3, 2020. Opinions expressed by Forbes Contributors are their own. As many are starting to embrace bitcoin as an uncorrelated asset from equities and other commodities, BlockFi has uniquely capitalized on macroeconomic trends. Fresh on the heels of two solid investment rounds earlier this year, crypto lending startup BlockFi has secured an additional $50 million in Series C funding. In the BlockFi announcement, the company’s revenue has grown ten-fold over the past year, putting the company on pace to reach $100 million in revenue over the next 12 months. We're excited to back this world-class team as they continue to add new products and expand into incremental areas that are disrupting traditional finance," said Anthony Pompliano, Co-Founder and Partner at Morgan Creek Digital. Fast-growing digital asset platform BlockFi has closed on a $50 million Series C funding round led by Morgan Creek Digital, according to a note from the firm. On August 20, BlockFi announced the closure of its Series C funding round, raising $50 million to grow the team of developers and further expand its business. The company has raised $158.7 million up to a Series C. Apart from raising $50 million at the time, Morgan Creek Digital’s co-founder and partner, Anthony Pompliano, joined BlockFi’s board of directors. BlockFi, a Jersey City, NJ-based cryptocurrency lender and financial services company, raised $50m in Series C funding. BlockFi, an online crypto lender that also offers accounts paying compound interest and trading, raised $ 50 million in a Series C round led by Morgan Creek Digital.. Other participating investors include Peter Thiel-backed Valar Ventures (the lead investor in BlockFi’s Series A and B), CMT Digital, … “We're excited to back this world-class team as they continue to add new products and expand into incremental areas that are disrupting traditional finance.”. That was a big jump from its 2020 Series C round, which raised $50 million. Pompliano has also joined BlockFi’s Board of Directors. The latest financing brings its total equity raised since inception to about $450 million, with the company raising $100 million across its seed and Series C rounds. Posted-In: Anthony Pompliano BlockFi Matthew Dellavedoa Morgan Creek Digital WInklevoss CapitalFintech News Financing Best of Benzinga, Is Your Cannnabis Vape Cartridge Safe Or Counterfeit? "BlockFi's platform offers investors unparalleled capabilities in the digital asset ecosystem,” said Anthony Pompliano, Co-Founder and Partner at Morgan Creek Digital. Who Is BlockFi? The Series C funding comes amid the turbulence in world markets due to the pandemic, with many institutional investors and retail ass essing their portfolios to better hedge against economic uncertainty. With BlockFi, you can use cryptocurrency to earn interest at up to 8.6% APY, borrow cash, and buy or sell crypto. In this conversation, Zac and I discuss: BlockFi is founded by the Zac Prince. BlockFi raised $50 million in its Series C led by Morgan Creek Digital, with participating investors such as Valar Ventures, Winklevoss Capital, Kenetic Capital, CMT Digital, Castle Island Ventures, SCB 10X, HashKey, Avon Ventures, Purple Arch Ventures, Michael Antonov, NBA player Matthew Dellavedova, and two university endowments. Bitcoin is a popular digital currency that showed growth and is widely spread, accepted from banks, markets and other services and shops as ways of payments. The Jersey City, New Jersey-based company was founded by Zac Prince and Flori Marquez and offers a suite of financial products that seamlessly interact with one another, enabling clients to build and … BlockFi raised $50 million in a Series C funding round led by Morgan Creek Capital. The newly-acquired funds will be used for the release of a bitcoin rewards-based credit card as well as to support additional digital assets and currencies on the platform. Its founders are Flori Marquez and Zac Prince. BlockFi, a provider of digital asset solutions, formally announced the closure of a $50 million Series C to be used for wealth management and digital asset investment initiatives. BlockFi, put simply, lets you earn interest on your cryptocurrency, just like you would at a normal bank. BlockFi was founded in 2017 and is based out of New Jersey. Subscribe to the Crunchbase Daily. Bitcoin golden physical coin illustration on Euro, banknotes of 20 and 50 euros. This is a significant increase for the Bitcoin lender. BlockFi was founded in August 2017 and is based in Jersey City, New Jersey. Benzinga does not provide investment advice. Since its Series C, BlockFi has focused heavily on adding world-class talent to its leadership team, all of whom come from respected financial institutions. "BlockFi's platform offers investors unparalleled capabilities in the digital asset ecosystem. The company recently raised $50 million in Series C funding. Here's How To Tell, Privacy Policy / Do Not Sell My Personal Data. The popular crypto lending startup, BlockFi, announced that it has completed another successful funding round where major industry investors were involved. It provides wealth management products, all supported by the blockchain technology. BlockFi Raises $50M Series C Financing. After $50 million in fresh capital, crypto lender BlockFi has now raised nearly $100 million in the past 12 months. Create one. BlockFi was founded in August 2017 and is based in Jersey City, New Jersey. The firm announced that it raised million in its latest Series C funding round. BlockFi raises $50 million, eyes potential SPAC. © 2021 Forbes Media LLC. “The past twelve months at BlockFi have been nothing short of amazing, and if anything, is a testament to the staying power of Bitcoin and other digital assets,” said Zac Prince, CEO and BlockFi cofounder. As per Coinmarketcap.com, Bitcoin’s total market capitalization is just over $218 billion, a fraction of the multiple trillion-dollar U.S. economy or European countries’ economic size. visual representations of the digital Cryptocurrency Bitcoin with the Euro bill. When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. I focus on how business and regulation have the power to transform or disrupt our economy. I report on the adoption of cryptocurrency, stablecoin and blockchain. September 1, 2020. Don't have a Benzinga account? As reported in August 2020, BlockFi closed on a $50 million Series C funding round led by Morgan Creek. BlockFi, a New Jersey-based cryptocurrency lender and financial services company, has recently secured $50 million in Series C funding round. Crypto lender BlockFi announced Thursday the close of a $50 million Series C fundraise as competition in the digital asset lending market heats up. Its founders are Flori Marquez and Zac Prince. The old way of doing things doesn’t cut it anymore. BlockFi revealed that other participating investors include Valar Ventures, which led its Series A and B rounds. With more than $100 million in equity funding, including a recent Series C funding round led by Morgan Creek that raised $50 million, and more than $2 billion in assets under management, BlockFi has a rock-solid foundation. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. © 2021 Benzinga.com. BlockFi’s Series C comes amid turbulence in world markets, with many retail and institutional investors reassessing their portfolios to better hedge against ongoing economic uncertainty. BlockFi Hires Former Intermex Exec Tony Lauro as Chief Financial Officer. Overall, the funding will help BlockFi enter into new lines of business and release a bitcoin rewards-based credit card and support for additional assets and currencies. Why It Matters: 2020 was one of the best for BlockFi; the company saw revenue grow ten-fold, putting it on pace to reach $100 million. Other participating investors include Valar Ventures – the lead investor in BlockFi’s Series A and B, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, NBA player Matthew Dellavedova and two university endowments. My coverage includes entrepreneurs and stories that educate the public about payment systems, transfer payments, and other use-cases that implement distributed ledger technology (DLT). Thessaloniki, Greece - August 8, 2020 (Photo by Nicolas Economou/NurPhoto via Getty Images), Future of Work | Presented by Microsoft Teams, The Next Step | Small Business Video Series. Participating investors included Morgan Creek Digital, Valar Venture, Winklevoss Capital, and more. This third round in the past 12 months was led by Morgan Creek Digital. But this latest round seems to be an investor vote of confidence in their business model. August 20, 2020. The latest funding round comes as the US-based fintech reported a ten-fold revenue increase in the past 12 months. BlockFi, a cryptocurrency lender and financial services company, announced today that it raised $50 million in Series C funding led by Morgan Creek Digital. BlockFi, a provider of digital asset solutions, formally announced the closure of a $50 million Series C to be used for wealth management and digital asset investment initiatives. What Happened: On the heels of two other funding rounds in the past 12 months, BlockFi, as part of a vision to expand its ecosystem of customer-centric digital asset solutions, secured funds from Morgan Creek Digital, Winklevoss Capital and Matthew Dellavedova, among others. Zac Prince, the co-founder & CEO of BlockFi, the industry-leading wealth management platform for crypto asset investors. Financial services company BlockFi landed $50 million in Series C funding to develop products for cryptocurrencies.. Who Is BlockFi? This episode gives you an overview of the business, their products, and what they are going to do with the money. I’ve also written about blockchain projects with the potential to transform. Just six months after raising a $50 million Series C, crypto-lending startup BlockFi announced Thursday it closed on a massive $350 million Series D, bringing the four-year-old company’s total valuation to $3 billion.The round was co-led by new investor Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global. Funding Round search results. All rights reserved. I have managed blockchain and currency initiatives for the banking sector. Before the Series D, the company completed a Series C funding in August 2020, as reported. The previous series B round raised $30 million in funding. “Bitcoin, Ether, digital assets, cryptocurrency, blockchain – words years ago were considered a pipedream are now more acceptable investment options to safeguard wealth at a time when traditional market performance doesn’t even make sense to analysts,” said Flori Marquez, SVP of Operations and BlockFi cofounder. Today they are announcing a $50 million Series C fundraising round. I’m a graduate of St. John’s University and Stevens Institute of Technology. Bitcoin's rise and volatility in the past few months have helped shine a positive light on digital assets. As a journalist, I report on cryptocurrency, collateralized tokens and stablecoins. Investors in the Series D funding round valued the company at $3 billion, BlockFi announced Thursday. I’ve also written about blockchain projects with the potential to transform finance. Get Started. Image: BlockFi. As part of the investment, Anthony Pompliano will join the company’s board of directors. The company has managed to raise over $150 million up to a Series C and has been working to make its crypto technology more accessible to people around the globe. “The past twelve months at BlockFi have been nothing short of amazing, and if anything, is a testament to the staying power of bitcoin and other digital assets,” said Zac Prince, CEO and Co-Founder, BlockFi. “With the support from our investors, we’re creating a platform for investors where they aren’t investing in just digital assets anymore—they’re investing in the future, greater financial empowerment and accessibility.”. There are no hidden fees, no minimum balances, and no reason to wait. BlockFi, a cryptocurrency lender and financial services company, announced today that it raised $50 million in Series C funding led by Morgan Creek Digital. The exchange rate today for 1 bitcoin blockchain is 9969 euros. My professional experience has been with Wall Street investment banks for over 20 years in securities and trading. CEO and Founder of BlockFi, Zac Prince, announced that his company had closed a Series C … With Thursday’s announcement, BlockFi has now raised more than $450 million in venture capital. BlockFi raised $50 million in its Series C led by Morgan Creek Digital, with participating investors such as Valar Ventures, Winklevoss Capital, Kenetic Capital, CMT Digital, Castle Island Ventures, SCB 10X, HashKey, Avon Ventures, Purple Arch Ventures, Michael Antonov, NBA player Matthew Dellavedova, and two university endowments. BlockFi News.

Covergirl Trublend Undercover Concealer Undertones, Tottenham Women's Schedule Tv, Salvador Sobral Heart Transplant, Nhl Covid Protocol List April 17, Liga Nacional Juvenil Madrid, Crypto Tax Accountant,