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New Deal


Announced

Completed

Bain Capital, DST Global, Pomp Investments and Tiger Global led a $350m Series D round in BlockFi.

Financials

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Transaction Value£251m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Single Bidder

Completed

Friendly

blockchain financial services

cryptocurrencies tools

Acquisition

Venture Capital

United States

FinTech

Minority

Domestic

Synopsis

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Bain Capital, DST Global, Pomp Investments, and Tiger Global led a $350m Series D funding round in BlockFi, a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products. Additional investors include participation from Susquehanna Government Products, Bracket Capital, Paradigm, Valar Ventures, Morgan Creek Digital, Akuna Capital, Hudson River Trading, ParaFi Capital, Jump Capital, Pacific Century Group, Gaingels, Third Prime, Kenetic, CMS Holdings, Breyer Capital, The Venture Collective and Castle Island Ventures. “BlockFi has solidified itself as a category winner built on superior products, a world-class team, and a brand of trust and reliability for investors and borrowers. We couldn’t be more thrilled to partner with the company to accelerate its growth globally and seize one of the most important opportunities of our time in shaping the future of finance," Stefan Cohen, Bain Capital Partner.

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