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Announced

Completed

WestCap led a $1bn funding round in NYDIG.

Financials

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Transaction Value£753m
Consideration TypeCash
Capital Owned-
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Payments / Commerce

cryptocurrencies

Bitcoin solutions

United States

Acquisition

Domestic

Minority

Private

Private Equity

Venture Capital

Completed

Friendly

Synopsis

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WestCap, a growth equity firm, led a $1bn funding round in NYDIG, a technology and financial services firm. Additional investors include Bessemer Venture Partners, FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life. “We are leading the investment round in NYDIG because of a shared belief in the industry-reshaping power of Bitcoin and WestCap’s conviction in the NYDIG team to continue to execute on the incredible opportunity in front of them. NYDIG plays a unique role in the industry, empowering companies of all types to incorporate Bitcoin in a secure and compliant way. We are proud to partner with Robby and his outstanding NYDIG team as they forge new paths to accessibility and further accelerate Bitcoin adoption," Scott Ganeles, WestCap Partner.

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