Mogo and Commonwealth Bank of Australia were among the participants in a round valuing the crypto trading and storage portal at $7.1bn.

Digital payment technology provider Mogo revealed yesterday it was among the investors in the $400m funding round disclosed by US-headquartered cryptocurrency trading and storage platform developer Gemini last week.

The round was announced on Thursday and was led by Morgan Creek Capital’s Morgan Creek Digital subsidiary at a $7.1bn valuation. It was backed by financial services firm Commonwealth Bank of Australia, 10T, ParaFi Capital, Newflow Partners and Marcy Venture Partners and represents the company’s first external funding.

Founded in 2014,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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