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Blockchain.com announces $300M Series C funding

Blockchain.com

Blockchain.com, one of the fastest-growing crypto companies from the UK, has announced its Series C funding round of $300M led by DST Global, VY Capital, and Lightspeed Venture Partners. 

This round comes on the heels of an explosive growth period for the crypto company, including a $120M strategic growth round just last month. Between debt and equity, the company has now raised $1.5 billion since its inception in 2011. The latest capital raise is the third-largest in the industry’s short history, according to research firm CB Insights.

With this, the crypto unicorn from London is now valued at $5.2B. The CEO and co-founder of the company, Peter Smith, says, “Over 31 million 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.”

Blockchain.com recently also appointed crypto industry expert Jim Messina to their Board of Directors. Notably, Messina was President Obama’s campaign manager in 2012 and then served as the White House Deputy Chief of Staff.

Founded by Benjamin Reeves, Nicolas Cary, and Peter Smith in 2011, Blockchain.com provides digital wallets to buy, trade crypto, send, receive, secure, and borrow digital currencies. The company is on a mission to revolutionise the $14 trillion financial services industry.