Working in the market of cryptocurrency lending company BlockFi announced raising $30 million investment during the funding round Series B. Led the round which is owned by PayPal co-founder Peter Thiel’s Valar Ventures.
Other investors were made by Morgan Creek Digital, Akuna Capital, Winklevoss Capital, Arrington XRP Capital and Capital HashKey.
📣 We’re pleased to announce that we’ve raised $30 million in Series B funding led by Valar Ventures. Read more here ⬇this https://t.co/tbpexjIcUx
— BlockFi (@TheRealBlockFi) February 13, 2020
The funds raised BlockFi will expand the existing platform, through which users can access interest accounts to bitcoin, Ethereum, Litecoin, USDC and Gemini Dollar and get under their mortgage loans in US dollars.
We will remind, in August of 2019 BlockFi raised $18.3 million in Series A. Valar Ventures and Winklevoss Capital was the first time invested in based in new York company. Earlier BlockFi received $60 million, including Coinbase Ventures and $52,5 million from scriptbank Mike Novogratz Galaxy Digital.
Thus, the total investment in the company has exceeded $150 million.
Their work on the market BlockFi beginning in March 2019, and, according to the report, at present, it manages the assets of retail, corporate and institutional customers, for $650 million
Until the end of the first quarter of 2020 the company intends to launch a mobile app and add the implementation of it via Bank transfers.
In December 2019 BlockFi also launched a platform for trading cryptocurrencies. In the course of this year it should receive support for 10 new assets among the twenty largest in terms of capitalization of crypto-currencies pegged to the US dollar tablconv.