Blockchain links to GV in $40m series B

Jun 23, 2017 • Robert Lavine

The digital currency technology developer has raised $40m in a round co-led by GV and backed by Virgin which will support global expansion and R&D.

US-based digital currency software developer Blockchain secured $40m in series B funding yesterday that was co-led by GV, the corporate venturing unit formerly known as Google Ventures.

GV, a subsidiary of internet technology group Alphabet, co-led the round with venture capital fund Lakestar, investing alongside conglomerate Virgin and its founder Richard Branson, Nokota Management, Digital Currency Group, Lightspeed Venture Partners, Mosaic Ventures and Prudence Holdings.

Blockchain began as an open source project but has since evolved into a software platform…

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