Report: Blockchain Wallet Prepares for New Investment Round to Raise $50 Million
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Answer Report: Blockchain Wallet Prepares for New Investment Round to Raise $50 Million
show up Chance Yahoo Economic News reported that the Blockchain Company, which provides a blockchain wallet and data service related to Bitcoin and other cryptocurrencies, is making a new investment round and this time its goal is to raise $50 million in funding to invest in startups that are active in the cryptocurrency field.
According to the aforementioned source, the blockchain company is in discussions with investors to raise $50 million to finance its investment fund.
The LinkedIn profile of Mr. Sam Harrison, a managing partner of a blockchain company who was a former head of investment firm Naspers Ventures, shows that the blockchain investment fund already exists and is backed by Lightspeed Venture Partners, which is one of the companies investing in the blockchain company.
Read:East Asian countries plan to establish the largest “crypto valley” in the world
And what Sam Harrison’s profile indicates is that he helped found the “Blockchain.com Fund”, which is sponsored by the blockchain company with its partners such as Lightspeed Venture.
The blockchain investment fund is also backed by Origin, Coindirect, Sliver.tv and Nodle.
According to Crunchbase, the blockchain company has raised $70 million over four previous rounds, including Series B, in which it raised $40 million, in which Richard Branson and his co-founders of Lightspeed Venture Partners participated.
The blockchain company recently launched the cryptocurrency exchange The PIT.
The blockchain company owns the Blockchain wallet for storing cryptocurrency which is one of the most popular wallets in the crypto market and its mobile app has been downloaded more than 41 million times.
Read:A new way for users of the “Brave” browser to exchange their digital currencies “BAT” after watching ads
Read also:
Telecom company JIO intends to launch the largest blockchain network in the world
What you need to know about blockchain services approved by Amazon
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