Funding round
Blockchain.com Series C
Blockchain.com, which works in crypto finance solutions in Dallas, raised $311M in a Series C round announced on 24 Mar 2021, led by DST Global, Lightspeed Venture Partners and Vy Capital, at a $5.20B post-money valuation. 3 firms took part. It is Blockchain.com's second venture round on record; the one before was a Series A in Oct 2014.
$311M
Amount raised
$5.20B
Post-money valuation
$4.89B pre-money
3
Investors
3 leads
6.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Blockchain.com at $5.20B after the new money. The $311M bought investors about 6.0% of the company. It came 77 months after Blockchain.com's Series A. It is 69% of the $451M Blockchain.com has raised in the venture rounds on record. Blockchain.com raised again 35 months later: a Series E round of $110M in Feb 2024, at $7.00B post-money.
Blockchain.com's funding rounds
Blockchain.com has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
DST Global, Lightspeed Venture Partners and Vy Capital led the round.
Lead investors
- DST Global backs 179 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 22 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations, acquisitions and working capital.
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
10 Series C rounds in Cryptocurrency within a year either side disclosed an amount; the median was $73M, and this round was 4.3 times the median. The closest in time, other companies' Series C rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anchorage Digital Cryptocurrency | 25 Feb 2021 | $80M | not disclosed | GIC |
| Cryptocurrency | 5 May 2021 | $250M | $2.20B | Tiger Global and Coatue |
| Paxos Cryptocurrency | 17 Dec 2020 | $142M | not disclosed | Declaration Partners |
| Cryptocurrency | 15 Dec 2020 | $65M | not disclosed | Accel |
| Cryptocurrency | 15 Jun 2021 | $65M | not disclosed | Paradigm |
| Cryptocurrency | 30 Sep 2021 | $35M | not disclosed | Point72 Ventures |
| Cryptocurrency | 6 Oct 2021 | $260M | $1.90B | Andreessen Horowitz and Coinbase Ventures |
| BlockFi Cryptocurrency | 21 Aug 2020 | $50M | not disclosed | Morgan Creek Digital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Blockchain.com raise in its Series C round?
Blockchain.com raised $311M in its Series C round, announced in Mar 2021.
Who led Blockchain.com's Series C round?
DST Global, Lightspeed Venture Partners and Vy Capital led it.
What was Blockchain.com's valuation at the Series C round?
$5.20B post-money ($4.89B pre-money).
How does it compare with other Series C rounds in Cryptocurrency?
10 Series C rounds in Cryptocurrency within a year either side disclosed an amount; the median was $73M, and this round was 4.3 times the median.
Did Blockchain.com raise again after this round?
Yes: a Series E round in Feb 2024 of $110M at $7.00B post-money.