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Blockchain.com Hits a $14B Valuation in a New Funding Round

The company's previous value was more than twice as high as the raise....
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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.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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