Blockchain.com Raises $110 Million in Series E Round Led by Kingsway

Blockchain.com, a cryptocurrency enterprise providing a digital asset change, a blockchain explorer, and a non-custodial pockets, has just lately secured $110 million in a Series E funding spherical spearheaded by Kingsway. Despite this profitable funding spherical, Blockchain.com’s post-valuation reportedly stands at lower than half of its worth estimated in 2022.

Investors Inject $110 Million Into Blockchain.com

Blockchain.com, the digital belongings platform, has made headlines by securing $110 million in a Series E financing spherical, with Kingsway taking the lead. This monetary endeavor additionally witnessed participation from buyers comparable to Coinbase Ventures, Lakestar, Lightspeed Venture Partners, and Baillie Gifford, as initially reported by Bloomberg’s Olga Kharif.

Notably, a number of of the buyers who joined this Series E spherical had beforehand participated within the Series D spherical. Kharif additional reported that “an individual acquainted with the matter” advised the publication that Blockchain.com’s publish valuation remains to be lower than half of the $14 billion it obtained in 2022.

According to Crunchbase data, Blockchain.com has obtained backing from a complete of 32 buyers, amounting to $600 million in complete funding. The firm has additionally made a number of strategic acquisitions, together with Zeroblock in 2013, rtbtc.com in 2014, Aix in May 2021, sesocio.com in November 2021, and Altonomy in March 2022.

Additionally, Blockchain.com has actively invested in numerous crypto initiatives, supporting initiatives like Zetachain, Arbitrum, Messari, and Gnosis. In October 2022, Blockchain.com introduced a crypto Visa card, providing 1% cashback in crypto rewards. Earlier in March 2022, the corporate, based in 2011, made the strategic resolution to discontinue its asset administration subsidiary, responding to market dynamics.

Just just a few months later, in August, Blockchain.com secured a fee license in Singapore. Looking again to 2022, the corporate additionally inked a multi-year partnership with the Dallas Cowboys and their star quarterback, Dak Prescott. This week, the crypto firm introduced XRP into the Blockchain.com pockets.

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