Crypto Financial Services Firm Matrixport Seeks $100 Million Funding – Bitcoin News
Cryptocurrency firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. The company has already secured commitments of around $50 million from investors, according to sources, which brings Matrixport’s post-mortem valuation to his $1.5 billion.
Matrixport raises $100 million from strategic investors
Matrixport, a digital asset firm and cryptocurrency lender, is eyeing $100 million from strategic investors, according to a story first reported by Bloomberg. Singapore Outfit was founded in 2019 by billionaire and former Bitmain CEO Jihan Wu. The Financial Services Company’s business includes crypto earning programs, lending products, and Ethereum 2.0 staking services.
Bloomberg sources say Matrixport has already collected “a commitment of $50 million from lead investors.” The report notes that Tiger Global and Dragonfly are some of Matrixport’s dedicated backers. A $50 million capital raise could jump Matrixport’s overall valuation to his $1.5 billion.
Matrixport confirmed the company is in dialogue with investors and shared the Bloomberg report on Twitter. “We are excited and look forward to engaging with participants on similar terms for the other half of the funding round,” he said. murmured“We thank our investors for their continued trust in Team Matrixport.”
The company raised $100 million in a Series C funding round in August 2021, making it a unicorn with a $1 billion valuation at the time. The round was led by DST Global, C Ventures and K3 Ventures. As far as new funding is concerned, Matrixport’s head of public relations Ross Gan said, “Matrixport regularly engages with key stakeholders as part of its normal course of business.”
What do you think about Matrixport seeking $100 million in new funding? Let us know what you think about this in the comments section below.
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Crypto Financial Services Firm Matrixport Seeks $100 Million Funding – Bitcoin News
Source link Crypto Financial Services Firm Matrixport Seeks $100 Million Funding – Bitcoin News
