Blockchain.com raises $110M funding round at lower valuation: BBG

The round was reportedly led by Kingsway, with Lightspeed, Baillie Gifford and Lakestar also taking part

article-image

photo_gonzo/Shutterstock modified by Blockworks

share

Crypto exchange and wallet service Blockchain.com has reportedly raised a $110 million funding round.

The Series E round was led by Kingsway, which led a funding round for the company in October 2022, according to Bloomberg. The outlet characterized the funding round as “strategic financing.”

Blockchain.com scored a $14 billion valuation in an early 2022 funding round, as Bloomberg reported at the time. According to the outlet, the new Kingsway-led round was raised at “less than half” of that amount.

The potential for a down round — wherein a company raises at a valuation lower than a previous fundraise — was previously reported by Bloomberg. 

With the fresh capital in hand, Blockchain.com has raised as much as $600 million since its founding in 2011, according to Crunchbase data.

Lightspeed Venture Partners, Coinbase Ventures, Lakestar and Baillie Gifford also took part in the round. Lightspeed Venture Partners led the early 2022 deal.

Baillie Gifford, an early backer of Tesla, contributed $100 million to Blockchain.com’s $300 million Series C round in 2021.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

Research Report Templates.png

Research

An overview of the Base Ecosystem, with a focus on market leaders.

article-image

Although bitcoin hitting $120k by year’s end is looking unlikely

article-image

About 270 million HYPE has been claimed, valued around $7.6 billion

article-image

Stanford professors David Mazières and Dan Boneh will lead the lab alongside a cohort of graduate student researchers

article-image

With more companies holding BTC, bitcoin yielding strategies could become “a new corporate finance norm,” CoinShares posed

article-image

The proposal comes after Polygon governance considered a controversial use of bridged liquidity for yield

article-image

Can the community balance its decentralized ethos with the need for inclusivity and constructive debate?