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Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round

The raise more than doubles the previous value of the company.

By Greg Ahlstrand
AccessTimeIconMar 31, 2022 at 2:21 a.m. UTC
Updated May 9, 2023 at 3:41 a.m. UTC
Blockchain.com founder and CEO Peter Smith (Blockchain.com)
Blockchain.com founder and CEO Peter Smith (Blockchain.com)
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Crypto exchange Blockchain.com reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners, with "major participation" from Baillie Gifford. Bloomberg first reported the news on Thursday though a company spokesperson later confirmed the valuation to CoinDesk.

  • The amount raised wasn't disclosed.
  • The U.K.-based company raised $300 million in March last year at a valuation of $5.2 billion, according to the Bloomberg report. Lightspeed and VY Capital participated in that round.
  • In April, Edinburgh-based Baillie Gifford invested $100 million.
  • Blockchain said in 2021 it would move its U.S. headquarters to Miami from New York.
  • The exchange, founded in 2011, has 37 million verified users, and one-third of bitcoin network transactions are conducted through it, according to its website.
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    UPDATE (March 31, 14:57 UTC): Adds confirmation from company spokesperson, changes headline.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Greg Ahlstrand
    Greg Ahlstrand

    Greg Ahlstrand was previously CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

    Follow @GregAhl on Twitter

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