Raises $300M Collection C Led by DST International Companions, VY Capital & Lightspeed | by Peter Smith | @blockchain | Mar, 2021

I’m happy to share that we’ve raised our Collection C, securing $300M in funding at a $5.2B post-money valuation led by companions of DST International, Lightspeed Enterprise Companions, and VY Capital, with participation from different current and main traders from all over the world.

Since 2011, the staff has been heads down, relentlessly targeted on constructing an organization on the intersection of cryptocurrency, establishments, and (most significantly) individuals all over the world. We proceed to be honored by the belief our shopper and institutional shoppers put in us every day. Over 31M verified customers in over 200 international locations use our merchandise, and we’ve seen a 3x enhance in energetic customers over the previous 12 months alone.

This spherical follows our $120M strategic growth round that we announced a month in the past, led by plenty of the perfect macro traders on the earth. Whereas is very worthwhile throughout every of our enterprise strains (having surpassed all of 2020 contribution margin within the first 2 months of 2021) we consider that our new companions, who’ve expertise in supporting corporations throughout instances of hyper progress — are the proper complement to our latest addition of a few of the finest macro traders like Louis Bacon and Kyle Bass. With the addition of Jim Messina to our Board of Directors, we intention to be able to evolve into an industry-leading firm and international model.

With some of the important steadiness sheets within the {industry}, we plan to aggressively develop the merchandise we provide our prospects, develop our international staff, and pursue M&A alternatives to convey thrilling new merchandise and concepts into the corporate.

I couldn’t be extra pleased with the staff, I couldn’t be extra optimistic about the way forward for, our merchandise, and our model to fulfill this second.

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