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Gemini Closed $400 Million Financing Led By Morgan Creek Digital, With A Valuation Of $7.1 Billion
Summary: Gemini, a cryptocurrency exchange founded by Cameron Winklevoss and Tyler Winklevoss, announced on Thursday that it has completed a $400 million financing led by Morgan Creek Digital. Jay Z’s Marcy Venture Partners, Commonwealth Bank of Australia, 10T, Newflow Partners, ParaFi, and other companies participated. The round of growth equity financing pushed Gemini's valuation to $7.1 ...
Gemini, a cryptocurrency exchange founded by Cameron Winklevoss and Tyler Winklevoss, announced on Thursday that it has completed a $400 million financing led by Morgan Creek Digital. Jay Z’s Marcy Venture Partners, Commonwealth Bank of Australia, 10T, Newflow Partners, ParaFi, and other companies participated. The round of growth equity financing pushed Gemini's valuation to $7.1 billion. Morgan Creek Digital general partner Sachin Jaitly will become the third member of Gemini's board of directors.
Gemini was launched in 2015 and has developed into one of the world's leading crypto platforms. In addition to buying, selling, and storing cryptocurrencies, Gemini also helps investors earn, consume and understand cryptocurrencies, as well as create and collect non-fungible tokens (NFT) on Nifty Gateway, a wholly-owned NFT platform.
With the new fund, Gemini stated that it will continue to bring simple, innovative and safe products to the market and advance its global expansion.
By Mary Liu
Tags: Cameron Winklevoss,Gemini,Morgan Creek Digital,Tyler Winklevoss
Link: Gemini Closed $400 Million Financing Led By Morgan Creek Digital, With A Valuation Of $7.1 Billion [Copy]
