Funding round
Fireblocks Series E
Fireblocks, which works in digital asset infrastructure development in Tel Aviv, raised $550M in a Series E round announced on 27 Jan 2022, led by D1 Capital Partners and Spark Capital, at a $8.00B post-money valuation. 18 firms took part. It is Fireblocks' fifth venture round on record; the one before was a Series D in Jul 2021.
$550M
Amount raised
$8.00B
Post-money valuation
$7.45B pre-money
18
Investors
2 leads
4.0x
Step-up from the Series D
$2.00B in Jul 2021
6.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fireblocks at $8.00B after the new money, 4.0 times the $2.00B of its Series D (Jul 2021). The $550M bought investors about 6.9% of the company. It came 6 months after Fireblocks' Series D. It is 53% of the $1.04B Fireblocks has raised in the venture rounds on record. No later venture round is on record for Fireblocks.
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 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 this round 27 Jan 2022, led by D1 Capital Partners and Spark Capital $550M$8.00B post-money
Investors
Who put money in
D1 Capital Partners and Spark Capital led the round with 16 other firms.
Lead investors
- D1 Capital Partners new investor
- Spark Capital backs 234 venture-backed companies new investor
Also in the round
- General Atlantic backs 134 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Mammoth new investor
- CapitalG backs 70 venture-backed companies new investor
- Altimeter backs 67 venture-backed companies new investor
- Iconiq Strategic Partners new investor
- backs 20 venture-backed companies new investor
- ParaFi Capital new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Bank of New York Mellon new investor
- Paradigm backs 82 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- SCB10x new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Software Development Services, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 20 May 2021 | $300M | $2.90B | Baillie Gifford |
| Software Development Services | 13 Apr 2021 | $325M | $7.30B | Dragoneer Investment Group and Greenoaks |
| Back Market Electronics Stores | 12 Jan 2022 | $510M | $5.70B | Sprints |
| Plenty Farms & Agriculture Production | 25 Jan 2022 | $400M | $1.90B | One Madison Group and JSCapital |
| Bolt Payment Processing & Point of Sale | 14 Jan 2022 | $355M | $11.00B | BlackRock |
| CARSOME Automobile Dealers & Manufacturers | 10 Jan 2022 | $290M | $1.70B | Qatar Investment Authority and 65 Equity Partners |
| CARSOME Automobile Dealers & Manufacturers | 31 Jan 2022 | $290M | $1.70B | Qatar Investment Authority |
| PayFit Tech Companies | 6 Jan 2022 | $287M | $2.10B | General Atlantic |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fireblocks raise in its Series E round?
Fireblocks raised $550M in its Series E round, announced in Jan 2022.
Who led Fireblocks' Series E round?
D1 Capital Partners and Spark Capital led it, with General Atlantic, Index Ventures, Mammoth, CapitalG and Altimeter and 11 more.
What was Fireblocks' valuation at the Series E round?
$8.00B post-money ($7.45B pre-money).