Cryptocurrencies
Blockchain.com Raises New Funding at $14 Billion Valuation
- Lightspeed Venture Partners, Baillie Gifford among backers
- Valuation is more than double at last financing round
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Startup Blockchain.com said it raised new funding that values the company at about $14 billion, more than doubling its worth in a sign that cryptocurrency firms still enjoy the favor of investors in turbulent venture capital markets.
The financing round, which vaults Blockchain.com into the ranks of the most valuable crypto companies, was led by Lightspeed Venture Partners with major participation from Baillie Gifford & Co, Blockchain.com said. Representatives for Lightspeed and Baillie Gifford didn’t immediately respond to requests for comment.