Fireblocks Raises $550 Million In Series E Funding To Become The Highest Valued Digital Asset Infrastructure Provider
Fireblocks Raises $550 Million In Series E Funding To Become The Highest Valued Digital Asset Infrastructure Provider
01/27/22, 7:15 AM
Money raised
$550 million
Round Type
series e
Fireblocks (www.fireblocks.com), the direct custody platform that supports over 800 major institutions, and powers digital asset and crypto products for today's largest custodians, fintech, crypto exchanges, lending desks, super apps and asset management firms, has raised $550 million in Series E funding. The funding round, co-led by D1 Capital Partners and Spark Capital with participation from General Atlantic, Index Ventures, Mammoth, CapitalG (Alphabet's independent growth fund), Altimeter, Iconiq Strategic Partners, Canapi Ventures, and Parafi Growth Fund represents a watershed moment for Fireblocks, bringing the company's valuation to over $8 billion.
Company Info
Additional Info
,” the company says. The company will also use the funds to increase its engineering and customer success operations, and expand geographically, particularly in the Asia-Pacific region. “Fireblocks provides the most secure and flexible platform for a wide range of customer needs,” said Sequoia’s Gupta. In particular, Fireblocks provides custody to institutional investors and has secured the transfer of over $1 trillion in digital assets over time. ”What that means is that Fireblocks’ technology can be white labeled for crypto custody offerings, “so that new and established financial institutions can implement direct custody on their own without having to rely on third parties