Introduction
BlockFi was founded in 2017 by Flori Marquez and Zac Prince. It has its headquarter in Jersey City, United States and with offices in New York, New Jersey, Singapore, Poland, and Argentina.
BlockFi is a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets. Their products bring additional liquidity to the blockchain asset sector and meet the needs of both individuals and institutions holding blockchain assets. BlockFi holds clients' Bitcoin and Ether with aregistered custodian and issues loans in USD to their bank accounts. Currently operating in beta launch, lending in 35 US states to retail investors and companies. The company leverage a sophisticated infrastructure that integrates with multiple blockchains, they plan to expand their product set based on their retail and institutional client's needs.
BlockFi is backed by industry-leading investors including Valar Ventures, Morgan Creek Capital Management, Coinbase Ventures, Galaxy Digital, Susquehanna Government Products, Winklevoss Capital, and more.
BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors.
Mission
BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe.
Why BlockFi?
BlockFi’s vision is to bridge the worlds of traditional finance and blockchain technology to bring financial empowerment to clients on a global scale. They offer best-in-class client service and support, plus leading protection measures to ensure your peace of mind.
Funding
BlockFi has raised a total of $1B in funding over 18 rounds and is funded by 53 investors.
Below, are the details of the different rounds of funding received by BlockFi.
Funding Round | Money Raised | Number of Investors | Lead Investors |
Secondary Market | - | 1 | - |
Venture Round | - | 1 | - |
Series E | $500M | 2 | Rose Park Advisors |
Seed Round | - | 1 | - |
Series D | - | 1 | - |
Series B | - | 1 | - |
Series D | $350M | 22 | Bain Capital Ventures
Bracket Capital
DST Global
Pomp Investments
Tiger Global Management |
Series C | - | 2 | - |
Series C | $50M | 12 | Morgan Greek Digital |
Series A | - | 1 | - |
Secondary Market | - | 1 | Three Arrows Capital |
Series B | $30M | 12 | Valar Ventures |
Series A | $18.3M | 10 | Valar Ventures |
Venture Round | - | 2 | - |
Convertible Note | $4M | 7 | Akuna Capital |
Venture Round | $52.5M | 3 | - |
Seed Round | $2.3M | - | - |
Seed Round | $1.6M | - | Consensus Ventures |
Acquisitions
BlockFi has made no acquisitions yet.
News & Media
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