Last Updated on November 15, 2023 by Bitfinsider
Blockchain.com, a cryptocurrency exchange, has raised $110 million in Series E funding.
According to a corporate announcement, Kingsway Capital, an investment management firm located in the United Kingdom, led the fresh capital round. Baillie Gifford, Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and others are also involved.
According to Bloomberg, Blockchain.com’s valuation is “less than half of” $14 billion, citing persons familiar with the situation. After an unknown sum was secured in a Series D funding round, the company surpassed its $14 billion valuation in March 2022.
Following the financing, Manny Stotz, founder and CEO of Kingsway Capital, and Nicolas Brand, partner at Lakestar, joined Blockchain.com’s board of investors.
The Block earlier revealed in October 2022 that Kingsway Capital sponsored another secret investment round for Blockchain.com that completed in the third quarter of last year.
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