Blockchain.com Secures $110M in Series E Financing
Blockchain.com has today announced the first close of its Series E strategic financing, totaling a staggering $110 million. The funding round, spearheaded by Kingsway Capital, witnessed significant participation from major players like Baillie Gifford, Lakestar, LSVP, GV, Access Industries, Moore Capital, Prudence, Freeman Capital, Coinbase Ventures, and several other prominent entities.
Marking a pivotal moment for Blockchain.com, this financing round has introduced two influential figures, Manny Stotz, the founder and CEO of Kingsway Capital, and Nicolas Brand, Partner at Lakestar, to the company’s Board of Directors. Their inclusion in the leadership team signifies a strategic shift towards leveraging extensive experience and expertise within the crypto landscape.
Blockchain.com has distinguished itself as a stalwart in the crypto domain, earning the trust of investors and users alike. The platform’s longevity and stability have been key factors in securing this substantial funding, bolstered by the leadership of seasoned industry experts.
At the forefront of global crypto infrastructure for both consumers and institutions, Blockchain.com has experienced a meteoric rise, boasting a revenue surge of approximately 1500% over the past four years. This growth rate significantly surpasses the global crypto market’s 275% uptick during the same period. Impressively, almost one-third of all Bitcoin transactions have either been sent or received via a Blockchain.com-managed wallet.
Since its establishment in 2011, Blockchain.com has cultivated trust among more than 90 million wallets and over 40 million verified users, facilitating over $1 trillion in crypto transactions. The company’s full licensing across diverse global jurisdictions further solidifies its commitment to regulatory compliance in various markets.
Manny Stotz, the visionary behind Kingsway Capital, brings a wealth of experience and a unique perspective shaped by a degree in Economics from the London School of Economics. His career trajectory from Goldman Sachs Investment Partners to founding Kingsway in 2013 speaks volumes about his commitment to innovation and growth within the investment landscape.
Nicolas Brand, Partner at Lakestar, complements Blockchain.com’s strategic vision with over two decades of experience in finance, specializing in fintech and blockchain intersections. His expertise in understanding macroeconomic, regulatory, and technological aspects of finance aligns perfectly with the company’s forward-looking ethos.
As Blockchain.com propels itself into this new phase of growth, the infusion of fresh leadership underpins its commitment to drive crypto adoption and reshape the future of finance on a global scale. The strategic financing and new board additions signal an exciting chapter for the company, poised to make significant strides in the ever-evolving landscape of cryptocurrency and blockchain technology.
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