{"id":33567,"date":"2020-12-17T14:50:09","date_gmt":"2020-12-17T12:50:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33567"},"modified":"2025-08-28T14:27:34","modified_gmt":"2025-08-28T11:27:34","slug":"paxos-raises-142-million-in-series-c-from-paypal-ventures-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paxos-raises-142-million-in-series-c-from-paypal-ventures-and-other-investors\/","title":{"rendered":"Paxos raises $142 million in Series C from PayPal Ventures and other investors"},"content":{"rendered":"<p>Paxos has announced the completion of its Series C financing round, raising $142 million. The announcement was made in a press release.<\/p>\n<p><!--more--><\/p>\n<p>The round was led by Declaration Partners, backed by the family office of Carlyle Group co-founder David Rubenstein. It was joined by Mithril Capital, Peter Thiel&#8217;s venture firm, Alua Capital, and PayPal Ventures.<\/p>\n<blockquote>\n<p>\u201cPrevious investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, Paxos has raised more than $240 million,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>The company plans to use the funds to develop infrastructure solutions and to create new products.<\/p>\n<p>Paxos is regulated by the New York State Department of Financial Services as a trust company. In December, it filed<a href=\"https:\/\/u1f987.com\/en\/news\/paxos-applies-for-national-bank-charter\"> an application for a license<\/a> for a national trust bank with the Office of the Comptroller of the Currency in the United States.<\/p>\n<p>Back in July 2020, the payments giant PayPal selected Paxos to manage assets for its cryptocurrency service.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxos has announced the completion of its Series C financing round, raising $142 million. The announcement was made in a press release.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1504,1133],"class_list":["post-33567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paxos","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33567"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33567\/revisions"}],"predecessor-version":[{"id":33568,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33567\/revisions\/33568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}