Cryptocurrencies
Thiel-Backed Valar Among Latest BlockFi Financing Participants
- Grown more in past six months than ever before, founder says
- Morgan Creek, CMT Digital, Castle Island participated in round
Source: BlockFi
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BlockFi Inc., a financial services firm focused on cryptocurrencies, raised $50 million. Morgan Creek Digital was the lead investor in the funding, which included an infusion from Peter Thiel-backed Valar Ventures.
It’s the company’s third series C funding round in the past year, during which revenue increased 10-fold. CMT Digital, Castle Island Ventures, Winklevoss Capital, and the Cleveland Cavaliers’s Matthew Dellavedova, among others, also participated. Two university endowments took part, though the company declined to name them.