Blockchain.com, which operates a cryptocurrency exchange and wallet service, closed a $110 million round of funding led by UK-based Kingsway Capital, the latest sign that crypto-focused venture-capital investments are picking up amid this year’s rebound in digital-asset prices.
The equity round also included investments from the likes of Baillie Gifford, Lakestar, Lightspeed Venture Partners, Coinbase Ventures and others. Blockchain.com is adding two new board members from Kingsway and Lakestar. The Series E strategic financing leaves the company valued at less than half of its $14 billion valuation in the spring of 2022, according to a person familiar with the matter who asked to remain anonymous because the information hasn’t been made public.
Last fall, Blockchain.com received strategic financing from investors including Kingsway. In March of 2022, just before a series of crises hammered the valuations of most companies in crypto, Blockchain.com said it completed a round that more that doubled its estimated worth to $14 billion and included Baillie Gifford and Lightspeed Venture Partners.$BTC $ETH $BNB
