Funding round
Blockchain.com Series A
Blockchain.com, which works in crypto finance solutions in Dallas, raised $30M in a Series A round announced on 7 Oct 2014, led by Lightspeed Venture Partners and Wicklow Capital. 5 firms took part. It is Blockchain.com's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Blockchain.com did not disclose a valuation in this round. It is Blockchain.com's first venture round on record, 3 years after it was founded in 2011. It is 6.7% of the $451M Blockchain.com has raised in the venture rounds on record. Blockchain.com raised again 77 months later: a Series C round of $311M in Mar 2021, at $5.20B post-money.
Blockchain.com's funding rounds
Blockchain.com has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Lightspeed Venture Partners and Wicklow Capital led the round with 3 other firms.
Lead investors
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Wicklow Capital new investor
Also in the round
- backs 39 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Future Perfect Ventures new investor
Joined the board: Jeremy Liew (Lightspeed Venture Partners), Richard Branson, Mosaic Ventures (Mosaic Ventures) and Prudence Holdings (Prudence Holdings).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 26 Aug 2014 | $3.0M | not disclosed | SoftBank Ventures Asia and Pantera |
| Cryptocurrency | 1 Apr 2014 | $10M | not disclosed | Ceyuan |
| Ripple Cryptocurrency | 19 May 2015 | $28M | not disclosed | not named |
| Cryptocurrency | 26 Mar 2014 | $5.0M | not disclosed | Hummingbird VC |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Blockchain.com raise in its Series A round?
Blockchain.com raised $30M in its Series A round, announced in Oct 2014.
Who led Blockchain.com's Series A round?
Lightspeed Venture Partners and Wicklow Capital led it, with Mosaic Ventures, PRUDENCE and Future Perfect Ventures.
What was Blockchain.com's valuation at the Series A round?
It was not disclosed.
Did Blockchain.com raise again after this round?
Yes: a Series C round in Mar 2021 of $311M at $5.20B post-money.