The Hudson River Trading and SIG-backed series D round boosted the crypto financial services provider's valuation to $3bn.
US-headquartered, crypto-focused financial services provider BlockFi closed a $350m series D round yesterday featuring quantitative trading firms Hudson River Trading and Susquehanna International Group (SIG).
The round was co-led by Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, with Pomp Investments, Tiger Global Management and partners of DST Global, while SIG invested through its Susquehanna Government Products subsidiary.
Bracket Capital, Paradigm, Valar Ventures, Morgan Creek Digital, Akuna Capital, PJC, ParaFi Capital, Jump Capital, Pacific Century Group, Gaingels, Third Prime, Kenetic, CMS Holdings, Breyer Capital, The Venture Collective and Castle Island Ventures filled out the round.
BlockFi’s online platform manages crypto assets on behalf of financial services providers and wealth managers. It will put the funding into product development and an expansion into new markets that may be supported by strategic acquisitions.
The capital was secured at a $3bn valuation and pushed the company’s funding to…
