Led by venture capital firm Lightspeed Venture Partners with major participation from Baillie Gifford & Co, wallet provider and exchange Blockchain.com raised new funding that values the company at about $14 billion, more than doubling its worth in a sign that cryptocurrency firms continue to attract capital and investments, regardless of the turbulent venture capital markets, and macroeconomic- and geopolitical uncertainties.
The financing round rockets Blockchain.com into the ranks of the most valuable crypto companies, Bloomberg News reported.
An early pioneer of key infrastructure for the Bitcoin community
Founded in 2011, Blockchain.com began its journey as a blockchain explorer servicing the Bitcoin blockchain and as an early pioneer of key infrastructure for the Bitcoin community. The Bitcoin (BTC) blockchain explorer also provides an API that allows companies to build on Bitcoin. Later the company also provided the most popular and widely used crypto wallet.
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