Google Ventures-backed crypto firm Blockchain raises $120 million

Feb 17, 2021 | The Block News | 0 comments

google-ventures-backed-crypto-firm-blockchain-raises-$120-million

Blockchain.com, the London-based crypto wallet and exchange operator, has raised $120 million from a group of macro investors.

American hedge fund manager Louis Bacon’s Moore Strategic Ventures, Hayman Capital Management founder Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV, Lakestar and Eldridge all participated in the round.

The firm has now raised more than $190 million to date.

“What excites me most about this moment is the immense optimism about cryptocurrency from serious, institutional investors,” said Blockchain founder and chief executive Peter Smith in a blog post that announced the raise.

“In fact, the current bull run is dominated by stories of Fortune 500 companies, investment funds, and institutions driving net inflows into crypto. The fact that the best macro investors in the world participated in our latest fundraise is further proof that institutions are taking a serious look at their crypto strategy.”

In the same blog post, Smith said that 28% of all bitcoin transactions since 2012 have taken place on Blockchain.com.

This is a developing story and will be updated with new information.

© 2021 The Block Crypto, Inc. 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.

News Source from TheBlockCrypto.com

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