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Crypto firm Blockchain.com raises $300 million, valued at $5.2 billion

03/26/2021 | 12:36pm EDT
The exchange rates and logos of Bitcoin, Ether, Litecoin and Monero are seen on the display of a cryptocurrency ATM in Zurich

(This March 24 story corrects second paragraph to show that funding was led by DST Global partners and not DST Global itself)

LONDON (Reuters) - Cryptocurrency firm Blockchain.com said on Wednesday it had raised $300 million in its latest funding round at a valuation of $5.2 billion.

The round was led by partners of DST Global, Lightspeed Venture Partners and VY Capital, the London-based company said.

Blockchain.com offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.

Bitcoin soared to a record just shy of $62,000 this month as mainstream firms and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies.

Blockchain.com said last month it raised about $120 million, with investments from Alphabet Inc's venture capital unit.

(Reporting by Tom Wilson; Editing by Edmund Blair)


© Reuters 2021
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