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Announced

Completed

OTPP led a $421 Series B-1 round in FTX Trading.

Financials

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Transaction Value£304m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Payments / Commerce

foreign exchange trades

foreign exchange facilitator

Antigua and Barbuda

Completed

Private

Friendly

Cross Border

Private Equity

Acquisition

Single Bidder

Venture Capital

Minority

Synopsis

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OTPP led a $421 Series B-1 round in FTX Trading, a global cryptocurrency exchange, with participation from Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners and BlackRock. Coming three months after FTX's Series B, this financing round is a testament to the company's continued growth and will allow FTX to expand into new jurisdictions, improve upon its current offerings, and further establish itself as a marketplace leader.

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