The raise more than doubles the company’s previous valuation.
Blockchain.com was valued at $14 billion in an investment round led by Lightspeed Venture Partners and including “significant participation” from Baille Gifford & Co, Bloomberg News reported on Thursday. The fundraising total was not disclosed.
According to the article, the United Kingdom-based company raised $300 million in March last year at a valuation of $5.2 billion. That round was also attended by Lightspeed and VY Capital.
Baillie Gifford, based in Edinburgh, invested $100 million in April.
Blockchain announced in January 2021 that it would relocate its US headquarters from New York to Miami.
According to its website, the exchange, created in 2011, has 37 million verified users and processes one-third of all bitcoin network transactions.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.