BlockFi | VCINVEST DATA

Address

BlockFi
New York, NY
United States

Open Map

Website

http://blockfi.com

Industry

6419 Banks and credit unions

Corporate information

Registration country

United States

Investment activity status

Active investor

Company type

Provider of wealth management products for crypto investors, powered by blockchain technology.

Overview

Founded in 2017 by Zac Prince and Flori Marquez, BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures. The BlockFi team consists of professionals with a deep bench of expertise across financial services and technology with offices in New York, New Jersey, Singapore, Poland, and Argentina. Additionally, Gemini Trust Company, LLC, a New York trust company regulated by the New York State Department of Financial Services, is BlockFi’s primary custodian.

Funding

Funding rounds

N/A

(31 Dec 2021)

Investor		Profile	Country	Notes
	Paradigm Crypto Fund	Cryptocurrency investment fund.	United States	Initial investment. Round participant.

Series B USD 30,000,000

USD 30,000,000 (13 Feb 2020)

	Profile	Country	Notes
Valar Ventures Management LLC	Venture capital firm investing in high-margin, fast-growing financial technology companies across the globe.	United States	Led the round.
Arrington XRP Capital Fund LP	USD 100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple.	United States	Initial investment. Round participant.
Castle Island Ventures	Venture capital firm focused exclusively on public blockchains.	United States	Initial investment. Round participant.
HashKey Capital	Institutional asset manager investing exclusively in blockchain technology and digital assets.	Hong Kong SAR China	Initial investment. Round participant.
Kenetic Capital Ltd	Venture capital fund investing in equity of Series A / B blockchain technology companies.	Hong Kong SAR China	Initial investment. Round participant.
Purple Arch Ventures	AVG fund for Northwestern alums.	United States	Initial investment. Round participant.
Akuna Capital		United States	Follow-on investment. Round participant.
Avon Ventures		United States	Follow-on investment. Round participant.
CMT Digital Holdings LLC	Crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset / blockchain technology industry.		Follow-on investment. Round participant.
Morgan Creek Digital Assets LLC		United States	Follow-on investment. Round participant.
PJC	Early-stage venture firm focused on investing in, supporting, and building relationships with entrepreneurs who are creating the future.	United States	Follow-on investment. Round participant.
Winklevoss Capital Management LLC			Follow-on investment. Round participant.

Series A USD 18,300,000

USD 18,300,000 (6 Aug 2019)

	Profile	Country	Notes
Valar Ventures Management LLC	Venture capital firm investing in high-margin, fast-growing financial technology companies across the globe.	United States	Led the round.
Winklevoss Capital Management LLC			Round participant.
Morgan Creek Digital Assets LLC		United States	Initial investment. Round participant.
Akuna Capital		United States
Avon Ventures		United States
CMT Digital Holdings LLC	Crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset / blockchain technology industry.
ConsenSys Ventures	Venture capital fund providing pre-seed and seed capital to blockchain technology startups.
Galaxy Digital Ventures LLC	NYC-based multi-strategy investment firm focused on digital assets and blockchain technology.	United States
PJC	Early-stage venture firm focused on investing in, supporting, and building relationships with entrepreneurs who are creating the future.	United States
Susquehanna Capital		United States

N/A USD 52,500,000

USD 52,500,000 (24 Jul 2018)

	Profile	Country	Notes
Alumni Ventures Group LLC		United States	Initial investment. Round participant.
ConsenSys Ventures	Venture capital fund providing pre-seed and seed capital to blockchain technology startups.
Galaxy Digital Ventures LLC	NYC-based multi-strategy investment firm focused on digital assets and blockchain technology.	United States
Kenetic Capital Ltd	Venture capital fund investing in equity of Series A / B blockchain technology companies.	Hong Kong SAR China
PJC	Early-stage venture firm focused on investing in, supporting, and building relationships with entrepreneurs who are creating the future.	United States
Purple Arch Ventures	AVG fund for Northwestern alums.	United States
Social Finance Inc	Lending platform that helps people reach financial independence.	United States

N/A

Investor		Profile	Country	Notes
	Cadenza Capital Management		United States	Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	Coinbase Ventures	The corporate venturing arm of Coinbase investing in companies building the open financial system.	United States	Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	Bain Capital Crypto		United Kingdom	Initial investment. Round participant.

N/A

Investor		Profile	Country	Notes
	FTX US		United States	Initial investment. Round participant.

	Contacts	Round
Akuna Capital	+1 (312) 994-4640	Series A Series B
Alumni Ventures Group LLC	+1 (603) 518-8112	N/A
Arrington XRP Capital Fund LP USD 100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple.	+1 (310) 871-4351	Series B
Avon Ventures		Series A Series B
Bain Capital Crypto		N/A
Cadenza Capital Management		N/A
Castle Island Ventures Venture capital firm focused exclusively on public blockchains.		Series B
CMT Digital Holdings LLC Crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset / blockchain technology industry.		Series A Series B
Coinbase Ventures The corporate venturing arm of Coinbase investing in companies building the open financial system.		N/A
ConsenSys Ventures Venture capital fund providing pre-seed and seed capital to blockchain technology startups.		N/A Series A
FTX US		N/A
Galaxy Digital Ventures LLC NYC-based multi-strategy investment firm focused on digital assets and blockchain technology.		N/A Series A
HashKey Capital Institutional asset manager investing exclusively in blockchain technology and digital assets.	+852-3755-2388	Series B
Kenetic Capital Ltd Venture capital fund investing in equity of Series A / B blockchain technology companies.	+852 3890-7000	N/A Series B
Morgan Creek Digital Assets LLC		Series A Series B
Paradigm Crypto Fund Cryptocurrency investment fund.		N/A
PJC Early-stage venture firm focused on investing in, supporting, and building relationships with entrepreneurs who are creating the future.		N/A Series A Series B
Purple Arch Ventures AVG fund for Northwestern alums.		N/A Series B
Social Finance Inc Lending platform that helps people reach financial independence.	415-697-2049	N/A
Susquehanna Capital	+1 (717) 764-0032	Series A
Valar Ventures Management LLC Venture capital firm investing in high-margin, fast-growing financial technology companies across the globe.		Series A Series B
Winklevoss Capital Management LLC		Series A Series B