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New Deal


Announced

Completed

A consortium of investors led a $900m Series B funding round in FTX Trading.

Financials

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Transaction Value£656m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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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

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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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