Technology

Major Financial Firm Invests $ 100 Million in Blockchain.com

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The crypto wallet provider Blockchain.com, based in London, revealed that a leading investor, the British asset management company Baillie Gifford, injected around $ 100 million into the company’s latest round of funding (Series C).

The fundraiser was finalized last month, but Blockchain.com CEO and co-founder Peter Smith has only revealed this detail now. He also said it was the biggest investment in the company to date.

Founded in 1908 and headquartered in Edinburgh, Scotland, Baillie Gifford currently manages nearly £ 325.8 billion ($ 443.5 billion) in specialized equity, fixed income and multi-asset portfolios. for a global clientele. Baillie Gifford is 100% owned by the company’s 46 partners, all of whom are on staff.

Mr Smith said Baillie Gifford “keeps a low profile and has high standards”. The company’s participation in this $ 300 million funding in Blockchain.com represents “one of its first investments in a crypto company.”

“It is also the validation of a balanced and diversified retail / institutional business that has incredible growth potential over the next few years,” said Smith. He added that Baillie Gifford has a history of investing in companies at the forefront of innovation: they “have been early investors in some of the biggest tech-driven companies for the past 20 years,” including You’re here, Google, Amazon and AirBnb, among others.

Many actors took part in this funding cycle, in particular partners of DST Global, Lightspeed Ventures and VY Capital, and were joined by other investors from around the world. This round of funding allowed the company to be valued at $ 5.2 billion.

Cryptonews.com contacted Baillie Gifford for comment.

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