Funding round
Anchorage Digital Series A
Anchorage Digital, which works in digital asset infrastructure solutions in San Francisco, raised $17M in a Series A round announced on 24 Jan 2019, led by Andreessen Horowitz. 4 firms took part. It is Anchorage Digital's first venture round on record.
$17M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Anchorage Digital did not disclose a valuation in this round. It is Anchorage Digital's first venture round on record, 2 years after it was founded in 2017. It is 2.9% of the $587M Anchorage Digital has raised in the venture rounds on record. Anchorage Digital raised again 6 months later: a Series B round of $40M in Jul 2019. Its next priced round, a Series D in Dec 2021, valued it at $3.00B.
Anchorage Digital's funding rounds
Anchorage Digital has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Andreessen Horowitz led the round with 3 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- Blackrock new investor
- backs 65 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
15 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $10M, and this round was 1.7 times the median. The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 24 Jan 2019 | $25M | not disclosed | Craft Ventures and Sky Dayton |
| Cryptocurrency | 15 Jan 2019 | $8.0M | not disclosed | not named |
| Cryptocurrency | 17 Jan 2019 | $2.7M | not disclosed | ConsenSys Ventures |
| Cryptocurrency | 17 Oct 2018 | $13M | not disclosed | DHVC and Wu Capital |
| Cryptocurrency | 1 May 2019 | $100M | not disclosed | not named |
| Cryptocurrency | 16 Aug 2018 | $23M | not disclosed | Tribe Capital and Social Capital |
| Cryptocurrency | 30 Aug 2018 | $4.0M | not disclosed | Polychain |
| Cryptocurrency | 31 Jul 2019 | $15M | not disclosed | Sony Financial Ventures and Global Brain |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Anchorage Digital raise in its Series A round?
Anchorage Digital raised $17M in its Series A round, announced in Jan 2019.
Who led Anchorage Digital's Series A round?
Andreessen Horowitz led it, with Khosla Ventures, Blackrock and AngelList.
What was Anchorage Digital's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Cryptocurrency?
15 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $10M, and this round was 1.7 times the median.
Did Anchorage Digital raise again after this round?
Yes: a Series B round in Jul 2019 of $40M.