BlockFi (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- February 17, 2020
- Vertical
- Cryptocurrency
- Funding URL
- View Funding Page
- Funding Amount:
- $30,000,000
Company Info
- Founding Year
- 2017
- Traction
- The company now boasts more than $650M in assets on the platform, with a 0% loss rate across its entire loan portfolio since the company began lending in January 2018.
- Founders
- Zac Prince
- Company Description
- BlockFi is the only crypto company to offer a suite of financial products that seamlessly interact with one another. These products include crypto-based interest accounts providing up to an 8.6% annual percentage yield on Bitcoin, Ether and stablecoins; crypto-backed loans which allow investors to access liquidity up to 50% of an asset's value in USD; and zero-fee trading.
- Market
- Financial Services
- Location
- Jersey City, NJ, USA
- Coinvestors
- Akuna Capital, Arrington XRP Capital, Avon Ventures, Castle Island Partners, CMT Digital, HashKey Capital, Kenetic Capital, Morgan Creek Capital Management, PJC, Purple Arch Ventures, Valar Ventures, Winklevoss Capital