Crypto Exchange Attracts $14B in Lightspeed-Led Financing Round: Report

Crypto exchange reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners, with “major participation” from Baille Gifford & Co, Bloomberg News reported on Thursday, citing the company. The amount raised was not disclosed.

According to the report, the U.K.-based company raised $300 Million in March 2013 at a value of $5.2 Billion. VY Capital and Lightspeed participated in the round.
Baillie Gifford, an Edinburgh-based company, made a $100 million investment in April.
Blockchain stated that it will move its U.S. headquarters from New York to Miami in 2021.
According to its records, the exchange was established in 2011 with 37 million verified users. It is responsible for one-third of bitcoin network transactions. website.
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