Funding round
Fireblocks Series A
Fireblocks, which works in digital asset infrastructure development in Tel Aviv, raised $16M in a Series A round announced on 11 Jun 2019. 5 firms took part. It is Fireblocks' first venture round on record.
$16M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Fireblocks did not disclose a valuation in this round. It is Fireblocks' first venture round on record, 2 years after it was founded in 2017. It is 1.5% of the $1.04B Fireblocks has raised in the venture rounds on record. Fireblocks raised again 17 months later: a Series B round of $30M in Nov 2020. Its next priced round, a Series D in Jul 2021, valued it at $2.00B.
Fireblocks' funding rounds
Fireblocks has 5 venture rounds on record. This one is highlighted.
- Series A this round 11 Jun 2019 $16M
- Series B 18 Nov 2020, led by Paradigm $30M
- Series C 18 Mar 2021, led by Coatue, Ribbit and Stripes $133M
- Series D 27 Jul 2021, led by Sequoia Capital, Stripes and Spark Capital $310M$2.00B post-money
- Series E 27 Jan 2022, led by D1 Capital Partners and Spark Capital $550M$8.00B post-money
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- backs 21 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- backs 125 venture-backed companies new investor
- Swisscom Ventures new investor
- MState new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
50 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $8.9M, and this round was 1.8 times the median. The closest in time, other companies' Series A rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 7 May 2019 | $10M | not disclosed | MizMaa Ventures |
| Software Development Services | 14 May 2019 | $7.7M | not disclosed | Cultivation Capital |
| Software Development Services | 7 May 2019 | $5.0M | not disclosed | not named |
| Software Development Services | 1 May 2019 | $4.0M | not disclosed | not named |
| Software Development Services | 24 Jul 2019 | $3.0M | not disclosed | Susquehanna International Group |
| Software Development Services | 24 Apr 2019 | $5.3M | not disclosed | Monk's Hill Ventures |
| Software Development Services | 30 Apr 2019 | $3.4M | not disclosed | 42CAP and Industrifonden |
| Software Development Services | 30 Apr 2019 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Fireblocks raise in its Series A round?
Fireblocks raised $16M in its Series A round, announced in Jun 2019.
Which investors took part in Fireblocks' Series A round?
Cyberstarts, Tenaya Capital, Eight Roads, Swisscom Ventures and MState.
What was Fireblocks' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Software Development Services?
50 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $8.9M, and this round was 1.8 times the median.
Did Fireblocks raise again after this round?
Yes: a Series B round in Nov 2020 of $30M.