{"id":38758,"date":"2021-03-11T18:10:16","date_gmt":"2021-03-11T16:10:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38758"},"modified":"2025-08-30T06:15:42","modified_gmt":"2025-08-30T03:15:42","slug":"blockfi-raises-350-million-at-a-3-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-raises-350-million-at-a-3-billion-valuation\/","title":{"rendered":"BlockFi raises $350 million at a $3 billion valuation"},"content":{"rendered":"<p>The crypto-lending platform BlockFi closed its Series D funding round at $350 million.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We are excited to announce the completion of our $350 million Series D, valuing the company at $3 billion. The round was led by new investors, including Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global. <a href=\"https:\/\/t.co\/tO3Xbfa3ij\">https:\/\/t.co\/tO3Xbfa3ij<\/a><\/p>\n<p>\u2014 BlockFi (@BlockFi) <a href=\"https:\/\/twitter.com\/BlockFi\/status\/1370011409585733635?ref_src=twsrc%5Etfw\">March 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round was joined by Tiger Global, Bain Capital Ventures and Pomp Investments. Investors valued BlockFi at $3 billion.<\/p>\n<p>The company will use the funds to expand its staff and to launch, in partnership with a Visa credit card offering Bitcoin cashback, as well as to promote its services outside the United States.<\/p>\n<p>According to Zac Prince, the platform&#8217;s CEO, the latest round reflects BlockFi&#8217;s growth, the size of the sector, and the business that can be built within it.<\/p>\n<p>In August 2019, the company raised $18.3 million in a Series A round.<\/p>\n<p>In early 2020, in a Series B round, the startup raised another $30 million.<\/p>\n<p>In August, Morgan Creek Digital led the Series C funding round of the crypto-lending platform <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-a-crypto-lending-service-raises-50-million-from-morgan-creek-digital-and-the-winklevoss-twins\">for $50 million<\/a>.<\/p>\n<p>Earlier in February 2021, BlockFi <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-launches-a-competitor-to-grayscales-bitcoin-trust\">launched the Bitcoin Trust<\/a>, aimed at institutional and other qualified investors.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-lending platform BlockFi closed its Series D funding round at $350 million.<\/p>\n","protected":false},"author":1,"featured_media":38759,"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":[1436,1133],"class_list":["post-38758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockfi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38758","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=38758"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38758\/revisions"}],"predecessor-version":[{"id":38760,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38758\/revisions\/38760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38759"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}