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BlockFi To Raise Hundreds Million Dollars At $5 Billion Valuation
Summary: According to a report from The Information, insiders revealed that the crypto lending platform BlockFi is in late-stage negotiations with new and existing investors, and plans to raise hundreds of millions of dollars at a valuation of nearly $5 billion. A person familiar with the matter said that Third Point Management, a hedge fund run ...
According to a report from The Information, insiders revealed that the crypto lending platform BlockFi is in late-stage negotiations with new and existing investors, and plans to raise hundreds of millions of dollars at a valuation of nearly $5 billion.
A person familiar with the matter said that Third Point Management, a hedge fund run by Daniel Loeb, and Hedosophia, a London-based venture capital firm, are leading the new financing, with existing investors also participating.
BlockFi was co-founded in 2017 by current CEOs Zac Prince and Flori Marquez. The company completed a $350 million Series D financing early this year, raising its valuation to $3 billion.
By Mary Liu
Tags: BlockFi,Hedosophia,Third Point Management
Link: BlockFi To Raise Hundreds Million Dollars At $5 Billion Valuation [Copy]
