Funding round
Fireblocks Series C
Fireblocks, which works in digital asset infrastructure development in Tel Aviv, raised $133M in a Series C round announced on 18 Mar 2021, led by Coatue, Ribbit and Stripes. 10 firms took part. It is Fireblocks' third venture round on record; the one before was a Series B in Nov 2020.
$133M
Amount raised
Not disclosed
Post-money valuation
10
Investors
3 leads
Valuation
What this round says about the price
Fireblocks did not disclose a valuation in this round. It came 4 months after Fireblocks' Series B. It is 13% of the $1.04B Fireblocks has raised in the venture rounds on record. Fireblocks raised again 4 months later: a Series D round of $310M in Jul 2021, at $2.00B post-money.
Fireblocks' funding rounds
Fireblocks has 5 venture rounds on record. This one is highlighted.
- Series A 11 Jun 2019 $16M
- Series B 18 Nov 2020, led by Paradigm $30M
- Series C this round 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
Coatue, Ribbit and Stripes led the round with 7 other firms.
Lead investors
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
21 Series C rounds in Software Development Services within a year either side disclosed an amount; the median was $80M, and this round was 1.7 times the median. The closest in time, other companies' Series C rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 18 Mar 2021 | $50M | not disclosed | Insight Partners |
| Deel Software Development Services | 21 Apr 2021 | $156M | $1.25B | Y Combinator |
| Software Development Services | 17 Feb 2021 | $150M | $1.00B | SoftBank Vision Fund |
| Software Development Services | 6 Apr 2021 | $100M | $1.05B | Steadfast Venture Capital and Steadfast Financial |
| Software Development Services | 17 Dec 2020 | $130M | $500M | Technology Crossover Ventures |
| Snorkel AI Software Development Services | 9 Aug 2021 | $85M | $1.00B | Addition and BlackRock |
| Software Development Services | 25 Aug 2021 | $20M | not disclosed | not named |
| Software Development Services | 22 Sep 2020 | $133M | $708M | Group 42 and BP Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fireblocks raise in its Series C round?
Fireblocks raised $133M in its Series C round, announced in Mar 2021.
Who led Fireblocks' Series C round?
Coatue, Ribbit and Stripes led it, with BNY Mellon, SVB Capital, Paradigm, Galaxy and Swisscom Ventures and 2 more.
What was Fireblocks' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Software Development Services?
21 Series C rounds in Software Development Services within a year either side disclosed an amount; the median was $80M, and this round was 1.7 times the median.
Did Fireblocks raise again after this round?
Yes: a Series D round in Jul 2021 of $310M at $2.00B post-money.