Funding round
Anchorage Digital Series B
Anchorage Digital, which works in digital asset infrastructure solutions in San Francisco, raised $40M in a Series B round announced on 10 Jul 2019, led by Blockchain Capital and Visa. 7 firms took part, 1 of them already investors. It is Anchorage Digital's second venture round on record; the one before was a Series A in Jan 2019.
$40M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Anchorage Digital did not disclose a valuation in this round. It came 6 months after Anchorage Digital's Series A. It is 6.8% of the $587M Anchorage Digital has raised in the venture rounds on record. Anchorage Digital raised again 19 months later: a Series C round of $80M in Feb 2021. 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
Blockchain Capital and Visa led the round with 5 other firms. Blockchain Capital had backed Anchorage Digital before.
Lead investors
- backs 59 venture-backed companies existing investor
- Visa new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- KKR backs 104 venture-backed companies new investor
- The HIT Forge 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
The closest in time, other companies' Series B rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Coinmerce Cryptocurrency | 16 Jan 2019 | $40M | not disclosed | Index Ventures |
| Cryptocurrency | 13 May 2020 | $53M | $5.52B | not named |
| Cryptocurrency | 12 Sep 2018 | $15M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Anchorage Digital raise in its Series B round?
Anchorage Digital raised $40M in its Series B round, announced in Jul 2019.
Who led Anchorage Digital's Series B round?
Blockchain Capital and Visa led it, with Andreessen Horowitz, Delta Blockchain Fund, Electric Capital, KKR and The HIT Forge.
What was Anchorage Digital's valuation at the Series B round?
It was not disclosed.
Did Anchorage Digital raise again after this round?
Yes: a Series C round in Feb 2021 of $80M.