Funding round
Blockchain.com Series E
Blockchain.com, which works in crypto finance solutions in Dallas, raised $110M in a Series E round announced on 26 Feb 2024, led by Kingsway Capital, at a $7.00B post-money valuation. 11 firms took part. It is Blockchain.com's third venture round on record; the one before was a Series C in Mar 2021.
$110M
Amount raised
$7.00B
Post-money valuation
11
Investors
1 lead
1.3x
Step-up from the Series C
$5.20B in Mar 2021
1.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Blockchain.com at $7.00B after the new money, 1.3 times the $5.20B of its Series C (Mar 2021). The $110M bought investors about 1.6% of the company. It came 35 months after Blockchain.com's Series C. It is 24% of the $451M Blockchain.com has raised in the venture rounds on record. No later venture round is on record for Blockchain.com.
Blockchain.com's funding rounds
Blockchain.com has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kingsway Capital led the round with 10 other firms.
Lead investor
- Kingsway Capital new investor
Also in the round
- Baillie Gifford new investor
- Lakestar backs 95 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- Access Industries new investor
- Moore Capital new investor
- Prudence new investor
- new investor
- Coinbase Ventures new investor
- backs 3 venture-backed companies new investor
Joined the board: Manny Stotz (Kingsway Capital) and Nicolas Brand (Lakestar).
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 9 Feb 2024 | $120M | not disclosed | Viking Global and Cormorant Asset Management |
| Medical Supply Manufacturers | 5 Feb 2024 | $58M | not disclosed | Fannin Partners |
| Applied Intuition Tech Companies | 12 Mar 2024 | $250M | $6.00B | Lux Capital and Porsche Ventures |
| Sunfire Industrial Machinery & Supplies | 5 Mar 2024 | $233M | not disclosed | GIC |
| Tech Companies | 5 Mar 2024 | $200M | $2.60B | Accel and Lightspeed Venture Partners |
| Buses, Shuttles & Local Transit | 31 Jan 2024 | $140M | $1.30B | GIC |
| Rakuten Medical Pharmaceutical Products | 6 Mar 2024 | $119M | not disclosed | not named |
| Tech Companies | 13 Mar 2024 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Blockchain.com raise in its Series E round?
Blockchain.com raised $110M in its Series E round, announced in Feb 2024.
Who led Blockchain.com's Series E round?
Kingsway Capital led it, with Baillie Gifford, Lakestar, Lightspeed Venture Partners, GV and Access Industries and 5 more.
What was Blockchain.com's valuation at the Series E round?
$7.00B post-money.