Blockchain.com Raises New Funding at US$14Billion Valuation

Blockchain.com has raised new funding that values the company at about US$14 billion, more than doubling its worth in a sign that cryptocurrency firms still enjoy the favor of investors in turbulent venture capital markets.

The financing round, which vaults Blockchain.com into the ranks of the most valuable crypto companies, was led by Lightspeed Venture Partners with major participation from Baillie Gifford & Co, Blockchain.com said.

Representatives for Lightspeed and Baillie Gifford didn’t immediately respond to requests for comment.

Founded in 2011, Blockchain.com allows users to buy and store digital tokens such as Bitcoin and is led by chief executive officer Peter Smith. In March 2021, the firm raised US$300 million at a US$5.2 billion valuation in a round that included Lightspeed and VY Capital.

The UK company’s single largest investment as of last April was from Edinburgh-based Baillie Gifford, which put US$100 million into Blockchain.com.

Blockchain.com last year said it was moving its US headquarters from New York to Miami, and is leasing a 22,000-square-foot office in Miami’s Wynwood arts district, and will eventually employ about 300 people in the building.

The company has 37 million verified users with 82 million wallets created, and more than US$1 trillion transacted, according to its website.

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