Cryptocurrency Exchange Blockchain.com Announces Completion of $110 Million Series E Funding

WikiBit 2023-11-15 14:00

Cryptocurrency exchange Blockchain.com announces the completion of a $110 million Series E funding round, with Kingsway Capital leading the investment.

　　Cryptocurrency exchange Blockchain.com has announced the completion of a $110 million Series E funding round, led by UK investment management firm Kingsway Capital. Other participants in the round include Baillie Gifford, Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.

　　The company was valued at $14 billion after raising an undisclosed amount in a Series D funding round in March 2022. However, the latest Series E round values Blockchain.com at less than half of that previous valuation. Manny Stotz, founder and CEO of Kingsway Capital, and Nicolas Brand, a partner at Lakestar, will join Blockchain.com's board of directors following this funding round.

　　Kingsway Capital also led another undisclosed funding round for Blockchain.com in the third quarter of last year.

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