Blockchain.com, a UK-based cryptocurrency wallet and exchange, announced on Wednesday it raised $120 million through its latest strategic growth investment round led by macro investors, which included include Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV (aka Google Ventures), Lakestar, and Eldridge.
Founded in 2011, Blockchain.com states it is connecting the world to the future of finance. The platform further explained:
“We are the most trusted and fastest-growing crypto company, helping millions across the globe – from single individuals to the largest institutions – have an easy and safe way to buy, sell and store cryptocurrency. Known as the world’s most popular crypto wallet, Blockchain.com is on a path to revolutionizing the $14 trillion financial services industry.”
Bitcoin.com also noted when it set out ot raise its Series A round in 2014, there was a handful of venture-based cryptocurrency companies. Six years later, Bitcoin has crossed price target of $50,000.
“Over 65 million Wallets have been created in 200+ countries. And 28% of all Bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume. What excites me most about this moment is the immense optimism about cryptocurrency from serious, institutional investors.”
Speaking about the investment and the company’s growth, Peter Smith, Co-Founder and CEO of Blockchain.com, stated:
“Fundraising as news is a bit strange to me. To be clear, I recognize all of the hard work the team has put in to accelerate the growth of Blockchain.com and crypto writ large — but what I’m most excited about hasn’t happened yet. Our mission is to empower anyone anywhere to control their money and we’re just getting started. We’re thankful to the millions of Blockchain.com users who have grown with us over the years. Since our humble beginnings as blockchain.info, we’ve always been customer-first. Throughout each of the crypto cycles, our customer numbers have continued to increase, our product lines have expanded, and the industry has grown up in a big way.”
Blockchain.com is planning to use the funds to continue the growth and development of its crypto wallets and platform.