November 27, 2023- Blockchain.com, a leading cryptocurrency exchange and wallet service provider, announced on November 14 that it had raised $110 million in a new funding round led by UK-based Kingsway Capital. 1The round also included participation from existing investors Baillie Gifford, Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.
The new funding comes as the cryptocurrency market has been struggling in a bear market and is now showing signs of recovery.
However, Blockchain.com is still one of the most valuable cryptocurrency companies in the world.
The said it plans to use the new funding to expand its product offerings and grow its global user base. Blockchain.com is also investing in new technologies, such as blockchain gaming and decentralized finance (DeFi).
“We are excited to have the support of Kingsway Capital and our existing investors as we continue to build the future of finance,” said Peter Smith, CEO of Blockchain.com. 2
“This new funding will allow us to accelerate our growth and expand our reach into new markets,” he said.
- Blockchain.com: https://www.blockchain.com/blog/posts/blockchaincom-announces-strategic-growth-series-e-round-led-by-kingsway-capital[↩]
- Blockchain.com: https://www.youtube.com/watch?v=rhB8LZu_AgI[↩]
