Blockchain.com secures $110m in Series E funding led by Kingsway Capital
Kingsway Capital led the Series E financing, which values the cryptocurrency exchange at under $7bn.
≈ £88.6M at $1 = £0.8050 on 15 Nov 2023
Blockchain.com operates a prominent cryptocurrency exchange and wallet provider that serves millions of global users. The platform allows individuals to buy, hold, and use digital assets while providing developer tools for Bitcoin.
Blockchain.com has secured $110m in a Series E financing round led by Kingsway Capital. The down round reduces the company valuation to less than $7bn, down from its previous peak of $14bn.
The capital injection also drew participation from Baillie Gifford, Lakestar, LSVP, and Coinbase Ventures. Following the transaction, Manny Stotz and Nicolas Brand of Lakestar will join the company board of directors.
The latest financing follows a challenging period for the wider crypto sector, though the company continues to support tens of millions of verified users across its exchange and wallet services.
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Blockchain.com
Blockchain.com provides a platform for buying, holding, and using digital assets.