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November 15, 2023

Blockchain.com Seeks $3-4 Billion Funding for Series E Round

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Introduction

Last year, Bloomberg reported that Blockchain.com, a leading cryptocurrency wallet provider, was in talks to raise another round of funding. The company was seeking a valuation of $3 billion to $4 billion for its Series E funding round. However, the exact valuation for the round was not confirmed.

Blockchain.com Seeks $3-4 Billion Funding for Series E Round

Background

Blockchain.com is a well-known player in the cryptocurrency industry, offering a secure and user-friendly wallet for storing and transacting digital assets. The company has gained significant traction and has a large user base.

Funding Plans

According to Bloomberg's report, Blockchain.com was actively seeking additional funding to support its growth and expansion plans. The company aimed to raise funds through a Series E funding round, which would have allowed it to secure a substantial amount of capital.

Valuation

While the exact valuation for the Series E funding round was not confirmed, Bloomberg's report indicated that Blockchain.com was targeting a valuation of $3 billion to $4 billion. This valuation would have reflected the company's strong market position and potential for future growth.

Conclusion

Blockchain.com's pursuit of additional funding at a high valuation demonstrates the confidence and optimism surrounding the company's prospects. With its user-friendly wallet and growing user base, Blockchain.com is well-positioned to capitalize on the increasing popularity of cryptocurrencies. Investors and users alike will be eagerly watching to see how the company progresses in the coming months.

About the author
Natasha Fernandez
Natasha Fernandez
About

Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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