{"id":53526,"date":"2021-11-25T12:08:30","date_gmt":"2021-11-25T10:08:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53526"},"modified":"2025-09-03T15:33:17","modified_gmt":"2025-09-03T12:33:17","slug":"celsius-network-raises-an-additional-350-million-valuing-the-company-at-3-25-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/celsius-network-raises-an-additional-350-million-valuing-the-company-at-3-25-billion\/","title":{"rendered":"Celsius Network raises an additional $350 million, valuing the company at $3.25 billion"},"content":{"rendered":"<p>The centralised platform for cryptocurrency lending Celsius Network increased the amount raised during its Series B to $750 million. The company is valued at $3.25 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Celsius Expands its Series B From $400M to Oversubscribed $750M <a href=\"https:\/\/twitter.com\/Blockworks_?ref_src=twsrc%5Etfw\">@Blockworks_<\/a> <a href=\"https:\/\/twitter.com\/jacqmelinek?ref_src=twsrc%5Etfw\">@jacqmelinek<\/a> <a href=\"https:\/\/t.co\/ulXWdyBGlW\">https:\/\/t.co\/ulXWdyBGlW<\/a><\/p>\n<p>\u2014 Celsius (@CelsiusNetwork) <a href=\"https:\/\/twitter.com\/CelsiusNetwork\/status\/1463616618316005377?ref_src=twsrc%5Etfw\">November 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In October, the firm <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-raises-400-million-amid-regulatory-scrutiny\">attracted $400 million<\/a> at a valuation of $3 billion. The round was led by investment firm WestCap and Canada&#8217;s second-largest pension fund, Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec.<\/p>\n<p>The raised resources will be directed to expanding the product range, entering new markets, and developing <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> initiatives in the CelsiusX project. The latter aims to build the infrastructure for interaction <span data-descr=\"centralised finance\" class=\"old_tooltip\">CeFi<\/span> and decentralized finance protocols.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Introducing CelsiusX \u2014 the DeFi engineering arm of Celsius. \ud83d\udce2<\/p>\n<p>We are excited to be working with industry leaders like <a href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a>, <a href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\">@chainlink<\/a> &#038; <a href=\"https:\/\/twitter.com\/enzymefinance?ref_src=twsrc%5Etfw\">@enzymefinance<\/a> to build the future! \ud83e\udd1d<\/p>\n<p>Learn more at: <a href=\"https:\/\/t.co\/S0Rs2v8ROK\">https:\/\/t.co\/S0Rs2v8ROK<\/a> <a href=\"https:\/\/t.co\/hlLulMBCN0\">https:\/\/t.co\/hlLulMBCN0<\/a><\/p>\n<p>\u2014 Celsius (@CelsiusNetwork) <a href=\"https:\/\/twitter.com\/CelsiusNetwork\/status\/1456270029092110338?ref_src=twsrc%5Etfw\">November 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Celsius Network will also allocate funds for green Bitcoin mining.<\/p>\n<p>Earlier in June, the company <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-to-earmark-an-additional-300-million-for-bitcoin-mining\">set aside $200 million<\/a> for this purpose. In November, the firm <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-to-earmark-an-additional-300-million-for-bitcoin-mining\">announced additional investments of $300 million<\/a> for mining the first cryptocurrency on US soil.\u00a0<\/p>\n<p>Earlier the platform <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-network-buys-custody-specialist-gk8-for-115-million\">acquired<\/a> the custody-focused startup GK8 for $115 million.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The centralised platform for cryptocurrency lending Celsius Network increased the amount raised during its Series B round to $750 million. The company is valued at $3.25 billion.<\/p>\n","protected":false},"author":1,"featured_media":53527,"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":[1348,1133],"class_list":["post-53526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celsius-network","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\/53526","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=53526"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53526\/revisions"}],"predecessor-version":[{"id":53528,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53526\/revisions\/53528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53527"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}