Cryptocurrency is a buzzword today and is spearheading into every industry such as eCommerce and automobiles. Reportedly, the total market value of crypto ventures is bordering on US$2trillion. The number is bigger than the market caps of Amazon, Microsoft, and Google. The largest venture round of crypto now is of Circle, which has recently raised US$440 million. The number surpassed what was achieved on March 8, 2021.
Analytics Insight presents a list of ten such largest venture rounds of cryptocurrency.
Amount Raised: US$440 million
Deal Date: May 28, 2021
Investors: Marshall Wace, Digital company group, FTX, Breyer Capital.
Previous Valuation: US$3 billion
About Circle: Circle is a reputed cryptocurrency platform and the creator of the second-largest stable coin. The platform holds a record of supporting more than 100 million transactions for over 1,000 businesses.
Amount Raised: US$422 million
Deal Date: August 7, 2018
Investors: Jumbo Sheen Group, Crimson Capital China, Lioness Capital, Pavilion Capital
Previous Valuation: US$12 billion
About Bitmain: Bitmain is a reputed bitcoin mining hardware manufacturer.
Amount Raised: US$350 million
Deal Date: March 11, 2021
Investors: Bain Capital Ventures, Tiger Global, Pomp Investments
Previous Valuation: US$435 million
About BlockFi: BlockFi is deemed as a young startup that came into function in 2017 in New Jersey. The platform is now a leading cryptocurrency provider. The platform deals with multiple categories of products such as crypto collateralized loans and interest-bearing accounts.
Amount Raised: US$305 million
Deal Date: March 30, 2021
Investors: Michael Jordan, Kevin Durant, Andreessen Horowitz,
Previous Valuation: N/A
About Dapper Labs: Dapper Labs is a Vancouver-based startup that is best known as the NFT marketplace for basketball video highlights. Dapper Labs rose to fame when it developed a popular Ethereum game of breedable collectibles, which was known as CryptoKitties.
Amount Raised: US$300 million
Investors: Partners of DST Global, Lightspeed Venture Partners, VY Capital
Previous valuation: US$3 billion
About Blockchain.com: Blockchain.com is a well-known platform that provides diverse services, especially for non-custodial wallets. These wallets give access to the users over their private keys.
Amount Raised: US$300 million
Deal Date: March 16, 2020
Investors: PayU, BCG digital Venture,
Previous Valuation: N/A
About Bakkt: Bakkt still stands as one of the best crypto solutions platforms and operates through an application known as the Bakkt App. The platform allows users to accumulate and aggregate multiple digital assets which are also inclusive of loyalty points, cryptocurrencies, and reward programs.
Amount Raised: US$300 million
Deal Date: October 30, 2018
Investors: Polychain Capital, Tiger Global Management, Government of Singapore Investment Corporation (GIC)
Previous Valuation: US$1.71 billion
About Coinbase: Coinbase is one of the most powerful cryptocurrency platforms that empower the crypto economy. Amateur investors in crypto decide their crypto journey trajectory with Coinbase. Coinbase was listed in Nasdaq and was valued at US$68 billion.
Amount Raised: US$250 million
Deal Date: May 5, 2021
Investors: Tiger Global Paradigm, QED, Pantera Capital
Previous Valuation: N/A
About Bitso: Bitso is a cryptocurrency platform that allows its users to buy, sell, and store bitcoin and cryptocurrencies. The platform was founded in2014 in Mexico City.
Amount Raised: US$200 million
Deal Date: April 19, 2019
Investors: Vidente, ID Ventures
Previous Valuation: US$868.42 million
About Bithumb: Bithumb is a famous South Korean cryptocurrency exchange, which was founded in 2014 with over 8 million users.
Amount Raised: US$200 million
Deal Date: October 1, 2020
Investors: SBI holdings, Transform Capital
Previous Valuation: US$410 million
About Ripple Labs: Ripple Labs Inc. deals with an open-source payments protocol. The company specializes in offering math-based virtual currency. Ripple Labs serve customers on a worldwide basis.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.