Announced
Completed
Financials
Tags
Minority
Cross Border
Venture Capital
Private
Acquisition
Completed
Payments / Commerce
foreign exchange trades
foreign exchange facilitator
Antigua and Barbuda
Single Bidder
Friendly
Private Equity
Synopsis
A consortium of investors led a $900m Series B funding round in FTX Trading, an owner and operator of FTX.COM, a cryptocurrency exchange. Over 60 investors participated in the round, including Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, the Paul Tudor Jones family, Izzy Englander, Alan Howard, VanEck, Hudson River Trading, and Circle. "I'm incredibly humbled by the support we've gotten. It's our first large fundraise, but through it we've formed a hugely valuable set of partners. I'm excited to work with them to make FTX the best company it can be. We started out as a new derivatives exchange two years ago, and this round will help us continue to build out a bigger and broader vision for what FTX could become," Sam Bankman-Fried, FTX CEO.
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