Moore Strategic Ventures, Rovida et al. in $120m round for Blockchain.com

Eliza Punshi
18 February 2021

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Cryptocurrency wallet and exchange company Blockchain.com has raised $120m in funding fromТ Moore Strategic Ventures, Kyle Bass, Access Industries,Т Rovida Advisors, Lightspeed Venture Partners,Т GV,Т Lakestar andТ Eldridge.

The company, which has so far raised $190m, will use the proceeds for further growth.

The company said in a statement that 65 million wallets had been created by users in more than 200 countries, and that 28% of all bitcoin transactions since 2012 had occurred on its website.

CEO and co-founder Peter Smith said in a blog post that while the wallet remained the core of its business, its institutional business, which it said was growing exponentially, was now significant enough to cover the entire operating cost of the business globally, while also delivering additional operating profits.

Previous funding
In 2014, Lightspeed and Wicklow Capital led a $30m series-A round for Blockchain in October 2014, with co-investment from Richard Branson, Mosaic Venture Partners, Prudence Holdings and various business angels.

Three years later, Lakestar and GV led a $40m series-B funding round for Blockchain. Existing investors Lightspeed, Mosaic, Prudence, Virgin and Richard Branson also took part in the round, alongside new backers Nokota Management and Digital Currency Group.

Company
Founded in New York in 2011 and now headquartered in London, Blockchain.com is a platform that enables users to transact using digital currency bitcoin. It authenticates and tracks digital assets throughout their lifetime. The platform is available in more than 200 countries.