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BlockFi
About
BlockFi develops a blockchain-driven wealth management platform for crypto investors.
- Jersey City,New Jersey,United States
- https://blockfi.com
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- $400M
- Industries
- Bitcoin,Blockchain,Consumer Lending,Cryptocurrency,FinTech
- Founded date
- Aug 1, 2017
- Operating Status
- Active
- Legal Name
- BlockFi, Inc.
- Also Known As
- BlockFi
BlockFi is a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets. Their products bring additional liquidity to the blockchain asset sector and meet the needs of both individuals and institutions holding blockchain assets. BlockFi holds clients' Bitcoin and Ether with a registered custodian and issues loans in USD to their bank accounts. Currently operating in beta launch, lending in 35 US states to retail investors and companies.BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe. They leverage a sophisticated infrastructure that integrates with multiple blockchains, they plan to expand their product set based on their retail and institutional client's needs.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 21, 2022 | Debt Financing | $400M | 1 |
FTX US
|
— | Detail |
| Aug 20, 2021 | Series E | $500M | 6 |
Rose Park Advisors
|
— | Detail |
| Feb 19, 2021 | Series D | $350M | 25 |
Bain Capital Ventures
Bracket Capital
Tiger Global Management
|
— | Detail |
| Jan 1, 2021 | Funding Round | — | 1 | — | — | Detail |
| Aug 20, 2020 | Series C | $50M | 14 |
Morgan Creek Digital
|
— | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Jul 14, 2022
Supermojo
|
Seed | $6M | Blockchain | — |
|
Jun 22, 2022
WorkMotion
|
Series B | $40M | Compliance | — |
|
May 16, 2022
Elwood Technologies
|
Series A | $70M | Cryptocurrency | — |
|
Apr 26, 2022
GamerGains Lab
|
Seed | $5.80M | Cryptocurrency | — |
|
Apr 6, 2022
Coin Metrics
|
Series C | $35M | Analytics | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
FTX US
|
Yes | Debt Financing |
|
Rose Park Advisors
|
Yes | Series E |
|
Bain Capital Ventures
|
Yes | Series D |
|
Bracket Capital
|
Yes | Series D |
|
|
Yes | Series D |
|
|
Yes | Series D |
|
Tiger Global Management
|
Yes | Series D |
Three Arrows Capital
|
Yes | Secondary Market |
Alumni Ventures
|
— | Series E |
Definitive Capital
|
— | Series E |
Employee Profiles
Exits
BlockFi has had 1 exits. BlockFi most notable exits include Grayscale Bitcoin Trust
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Sep 25, 2013 | Grayscale Bitcoin Trust | IPO | Bitcoin | Detail |
