Funding round
NYDIG Growth
Reported as "Growth Equity"
NYDIG, which works in power and bitcoin mining operations in New York, raised $50M in a Growth round announced on 13 Oct 2020, led by FinTech Collective. 5 firms took part. It is NYDIG's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
NYDIG did not disclose a valuation in this round. It is NYDIG's first venture round on record, 3 years after it was founded in 2017. It is 3.7% of the $1.35B NYDIG has raised in the venture rounds on record. NYDIG raised again 5 months later: a Growth round of $200M in Mar 2021. Its next priced round, a Growth in Apr 2021, valued it at $7.00B.
NYDIG's funding rounds
NYDIG has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Growth this round 13 Oct 2020, led by FinTech Collective $50M
- Other not a venture round 10 Dec 2020, led by Massachusetts Mutual Life Insurance Company $5.0M
- Growth 8 Mar 2021, led by Stone Ridge Holdings Group, Morgan Stanley and New York Life $200M
- Growth 8 Apr 2021 $100M$7.00B post-money
- Growth 14 Dec 2021, led by WestCap $1.00B$7.00B post-money
Investors
Who put money in
FinTech Collective led the round with 4 other firms.
Lead investor
- backs 47 venture-backed companies new investor
Also in the round
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Starr new investor
- Stone Ridge new investor
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 21 Jan 2021 | $38M | not disclosed | GP Investments and Parallax Ventures |
| Cryptocurrency | 1 Jul 2020 | $30M | not disclosed | SBI |
| Cryptocurrency | 27 Apr 2021 | $36M | $1.45B | not named |
| Cryptocurrency | 21 Sep 2021 | $431M | not disclosed | Paradigm |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did NYDIG raise in its Growth round?
NYDIG raised $50M in its Growth round, announced in Oct 2020.
Who led NYDIG's Growth round?
FinTech Collective led it, with Bessemer Venture Partners, Ribbit, Starr and Stone Ridge.
What was NYDIG's valuation at the Growth round?
It was not disclosed.
Did NYDIG raise again after this round?
Yes: a Growth round in Mar 2021 of $200M.