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

Blockchain.com, a cryptocurrency endeavor offering a integer plus exchange, a blockchain explorer, and a non-custodial wallet, has precocious secured $110 cardinal successful a Series E backing circular spearheaded by Kingsway. Despite this palmy backing round, Blockchain.com’s post-valuation reportedly stands astatine little than fractional of its worth estimated successful 2022.

Investors Inject $110 Million Into Blockchain.com

Blockchain.com, the integer assets platform, has made headlines by securing $110 cardinal successful a Series E financing round, with Kingsway taking the lead. This fiscal endeavor besides witnessed information from investors specified arsenic Coinbase Ventures, Lakestar, Lightspeed Venture Partners, and Baillie Gifford, arsenic initially reported by Bloomberg’s Olga Kharif.

Notably, respective of the investors who joined this Series E circular had antecedently participated successful the Series D round. Kharif further reported that “a idiosyncratic acquainted with the matter” told the work that Blockchain.com’s station valuation is inactive little than fractional of the $14 cardinal it received successful 2022.

According to Crunchbase data, Blockchain.com has received backing from a full of 32 investors, amounting to $600 cardinal successful full funding. The institution has besides made respective strategical acquisitions, including Zeroblock successful 2013, rtbtc.com successful 2014, Aix successful May 2021, sesocio.com successful November 2021, and Altonomy successful March 2022.

Additionally, Blockchain.com has actively invested successful assorted crypto projects, supporting initiatives similar Zetachain, Arbitrum, Messari, and Gnosis. In October 2022, Blockchain.com introduced a crypto Visa card, offering 1% cashback successful crypto rewards. Earlier successful March 2022, the company, founded successful 2011, made the strategical determination to discontinue its plus absorption subsidiary, responding to marketplace dynamics.

Just a fewer months later, successful August, Blockchain.com secured a outgo licence successful Singapore. Looking backmost to 2022, the institution besides inked a multi-year concern with the Dallas Cowboys and their prima quarterback, Dak Prescott. This week, the crypto institution introduced XRP into the Blockchain.com wallet.

What bash you deliberation astir Blockchain.com raising $100 cardinal successful its Series E financing round? Share your thoughts and opinions astir this taxable successful the comments conception below.