Crypto hub Blockchain.com raises $110m in Series E funding
Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British investment firm Kingsway Capital. According to Bloomberg’s sources, the company’s latest funding left its valuation at less than “half of prior $14 billion” as the firm struggles to survive after it lent $270 million to the now defunct Three Arrows Capital (3AC) hedge fund. In addition to Kingsway, the London-headquartered company also raised investments from Coinbase Ventures, Baillie Gifford, Lakestar, Lightspeed Venture Partners, and others. With the latest funding , Blockchain.com is also said to be adding two new board members from Kingsway and Lakestar. You might also like: Singapore grants payment institution license to Blockchain.com As crypto.news earlier reported, Three Arrows Capital ...