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New Deal


Announced

Moore Strategic Ventures and Rovida led a $120m Series B round in Blockchain.com.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

United States

Private

Payments / Commerce

Single Bidder

Venture Capital

Private Equity

Acquisition

Friendly

Completed

Cross Border

cryptocurrencies

Synopsis

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Moore Strategic Ventures and Rovida led a $120m Series B round in Blockchain.com, a cryptocurrency wallet provider, with participation from Kyle Bass, Access Industries, Lightspeed Venture Partners, GV, Lakestar and Eldridge. "What excites me most about this moment is the immense optimism about cryptocurrency from serious, institutional investors. In fact, the current bull run is dominated by stories of Fortune 500 companies, investment funds, and institutions driving net inflows into crypto. The fact that the best macro investors in the world participated in our latest fundraise is further proof that institutions are taking a serious look at their crypto strategy," Peter Smith, Blockchain.com CEO.

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