BlockFi

About

BlockFi develops a blockchain-driven wealth management platform for crypto investors.

Jersey City,New Jersey,United States
https://blockfi.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $400M
Industries: Bitcoin,Blockchain,Consumer Lending,Cryptocurrency,FinTech
Founded date: Aug 1, 2017
Operating Status: Active
Legal Name: BlockFi, Inc.
Also Known As: BlockFi

BlockFi is a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets. Their products bring additional liquidity to the blockchain asset sector and meet the needs of both individuals and institutions holding blockchain assets. BlockFi holds clients' Bitcoin and Ether with a registered custodian and issues loans in USD to their bank accounts. Currently operating in beta launch, lending in 35 US states to retail investors and companies.

BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe. They leverage a sophisticated infrastructure that integrates with multiple blockchains, they plan to expand their product set based on their retail and institutional client's needs.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$1.40B

BlockFi has raised a total of $1.40B in funding over 2 rounds. Their latest funding was raised on Jun 21, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 21, 2022	Debt Financing	$400M	1	FTX US	—	Detail
Aug 20, 2021	Series E	$500M	6	Rose Park Advisors	—	Detail
Feb 19, 2021	Series D	$350M	25	Bain Capital Ventures Bracket Capital DST Global Pomp Investments Tiger Global Management	—	Detail
Jan 1, 2021	Funding Round	—	1	—	—	Detail
Aug 20, 2020	Series C	$50M	14	Morgan Creek Digital	—	Detail

Investments

Number of Investments

Number of Lead Investments

15

1

BlockFi has made 15 investments. Their most recent investment was on Jul 14, 2022, when Supermojo raised $6M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 14, 2022 Supermojo	Seed	$6M	Blockchain	—
Jun 22, 2022 WorkMotion	Series B	$40M	Compliance	—
May 16, 2022 Elwood Technologies	Series A	$70M	Cryptocurrency	—
Apr 26, 2022 GamerGains Lab	Seed	$5.80M	Cryptocurrency	—
Apr 6, 2022 Coin Metrics	Series C	$35M	Analytics	—

Investors

Number of Lead Investors

Number of Investors

14

56

BlockFi is funded by 56 investors. FTX US and Rose Park Advisors are the most recent investors.

Investor Name	Lead Investor	Funding Round
FTX US	Yes	Debt Financing
Rose Park Advisors	Yes	Series E
Bain Capital Ventures	Yes	Series D
Bracket Capital	Yes	Series D
DST Global	Yes	Series D
Pomp Investments	Yes	Series D
Tiger Global Management	Yes	Series D
Three Arrows Capital	Yes	Secondary Market
Alumni Ventures	—	Series E
Definitive Capital	—	Series E