The company’s previous value was more than twice as high as the raise.
The valuation of crypto exchange Blockchain.com was $14 billion. Lightspeed Venture Partners led the round, and Baille Gifford & Co participated . Bloomberg News reported Thursday. The amount raised was not disclosed.
According to the report, the U.K.-based company raised $300 Million in March 2013 at a value of $5.2 Billion. VY Capital and Lightspeed participated in the round.
Baillie Gifford, a company based in Edinburgh, invested $100 million in April.
Blockchain stated that it will move its U.S. headquarters from New York to Miami in 2021.
According to the website, 37 million users have verified their accounts and one-third are bitcoin network transactions conducted through them.