These Are The 12 Biggest Fundraising Rounds In Crypto (Off-topic)

by miniming, Thursday, June 10, 2021, 05:07 (13 days ago)

These Are The 12 Biggest Fundraising Rounds In Crypto And Blockchain History

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The list of the biggest funding rounds in crypto history just got a new entrant near the top. Solana Labs, creator of top Ethereum competitor Solana just received $314 million from several investors, led by Andreessen Horowitz and Polychain Capital. The millions raised by Solana Labs will be used to create a venture investing arm, a trading desk dedicated to the Solana ecosystem, and support the development of new decentralized applications with the goal of drawing more people onto the blockchain and eventually reaching 1 billion users.

Of the 12 largest crypto-investments in history, six have been in 2021.

Circle: $440 million

Deal date: May 28, 2021

Notable investors: Fidelity Management and Research Company, Marshall Wace, Digital Currency Group, FTX, Breyer Capital

Post-money valuation: N/A

Previous valuation: $3 billion

The payments and treasury infrastructure provider best known as one of the principal developers of the $22 billion stablecoin USDC raised $440 million from a large group of institutional and strategic investors. Circle's platform has supported more than 100 million transactions by more than 10 million retail customers and over a 1,000 businesses, according to a statement. Circle also recently became Visa’s V +0.1% V +0.2% partner to help businesses on the network settle transactions in USDC. Over the past year, USDC has supported over $615 billion in transactions as of May – a growth of more than 28,000% in the past 12 months.

Bitmain: $422 million

Deal date: August 7, 2018

VC round: Series B1

Notable investors: Crimson Capital China, Bluebell (Asia), Jumbo Sheen Group, Lioness Capital, Palace Investment Company, Pavilion Capital

Post-money valuation: $15 billion

Previous valuation: $12 billion

The world’s leading bitcoin mining hardware manufacturer, Bitmain also operates Antpool, one of the top bitcoin mining pools, accounting for 13% of bitcoin’s network hash, or computational, power. Shortly after the $422 million capital raise, the Beijing-based company filed for an IPO on the Hong Kong Stock Exchange in September 2018, but the offering fell through amid the bitcoin crash and market cooldown.

BlockFi: $350 million

Deal date: March 11, 2021

VC round: Series D

Notable investors: Bain Capital Ventures, partners of DST Global, Pomp Investments, Tiger Global, Susquehanna Government Products สล็อตpg

Post-money valuation: $3 billion

Previous valuation: $435 million

Founded in 2017, New-Jersey based BlockFi is now one of the leading cryptocurrency lending providers. Its products span multiple categories including crypto-collateralized loans and interest-bearing accounts through which investors can earn interest on their crypto holdings. Rumors of BlockFi’s potential IPO started to circulate last July following reports of a job opportunity, part of which involved helping the company go public.


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