{"id":269659,"date":"2021-06-09T00:00:00","date_gmt":"2021-06-08T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reports-suggest-blockfi-seeks-to-raise-millions-at-a-valuation-of-5b\/"},"modified":"2021-06-09T00:00:00","modified_gmt":"2021-06-08T21:00:00","slug":"reports-suggest-blockfi-seeks-to-raise-millions-at-a-valuation-of-5b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reports-suggest-blockfi-seeks-to-raise-millions-at-a-valuation-of-5b\/","title":{"rendered":"# Reports suggest BlockFi seeks to raise millions at a valuation of $5B"},"content":{"rendered":"

“# Reports suggest BlockFi seeks to raise millions at a valuation of $5B <\/strong>”
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Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies.\u00a0<\/p>\n

The company, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure the capital raise, according<\/a> to technology<\/a> publication The Information. New York-based hedge fund Third Point Management and Hedosophia, a London-based venture capital firm, are reportedly leading the new funding round. <\/p>\n

The same report indicated that the latest funding round has not closed, which means BlockFi\u2019s desired $5 billion valuation could grow. <\/p>\n

As Cointelegraph reported, BlockFi raised $350 million in Series<\/a> D financing earlier this year, building on the $100 million it raised via three earlier funding rounds. The platform has been a source of growth and adoption during the crypto bull market, which saw digital lending products reach the mainstream. <\/p>\n

BlockFi manages<\/a> more than $15 billion in assets. During the height of crypto euphoria earlier this year, BlockFi clients were earning record interest payments on their Bitcoin (BTC), Ether (ETH) and stablecoin holdings.<\/p>\n

Even during the latest crypto market collapse, blockchain startups continue to be a source of capital accumulation. Venture capitalists have invested over $16 billion in blockchain equity since 2012, with the pace of investments seemingly growing over the past year as more institutional players pivot towards the space.<\/p>\n