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Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round
Summary: Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round. The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation ...
Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round.
The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation of $300 million, according to Bloomberg. If the Matrixport post-money valuation hits $300 million, it would be nearly triple the $114 million valuation the young company reached with its previous funding.
By Janelle Fox
Tags: Bitmain,Funding Round,Jihan Wu,Matrixport
Link: Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round [Copy]