With crypto markets back on the upswing, we anticipate more large rounds to follow. In the meantime, here are the 12 largest raises in crypto history:
1. FTX: $900 million
Deal date: July 20, 2021
VC Round: Series B
Notable investors: Paradigm, Sequoia Capital, Ribbit Capital, Third Point, Lightspeed Venture Partners, Coinbase Ventures, Softbank, Sino Global Capital, Circle
Post-money valuation: $18 billion.
Previous valuation: $1.2 billion.
2. Circle: $440 million
Deal date: May 28, 2021
Notable investors: Fidelity Management and Research Company, Marshall Wace, Digital Currency Group, FTX, Breyer Capital
Post-money valuation: N/A
Previous valuation: $3 billion.
3. Bitmain: $422 million
Deal date: August 7, 2018
VC round: Series B1
Notable investors: Crimson Capital China, Bluebell (Asia), Jumbo Sheen Group, Lioness Capital, Palace Investment Company, Pavilion Capital
Post-money valuation: $15 billion
Previous valuation: $12 billion.
4. Ledger: $380 million
Deal date: June 10, 2021
VC round: Series C
Notable investors: 10T Holdings, Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG.
Post-money valuation: $1.5 billion.
Previous valuation: $287.1 million.
5. BlockFi: $350 million
Deal date: March 11, 2021
VC round: Series D
Notable investors: Bain Capital Ventures, partners of DST Global, Pomp Investments, Tiger Global, Susquehanna Government Products
Post-money valuation: $3 billion
Previous valuation: $435 million.
6. Solana Labs: $314 million
Deal date: June 9, 2021
VC round: Private placement token sale
Notable investors: Andreessen Horowitz, Polychain Capital, Alameda Research, Blockchange Ventures, CMS Holdings.
Post-money valuation: N/A
Previous valuation: N/A.
7. Fireblocks: $310 million
Deal date: July 27, 2021
VC round: Series D
Notable investors: Sequoia Capital, SCB 10X (the venture arm of Siam Commercial Bank), Coatue, Stripes, Spark Capital, DRW VC
Post-money valuation: $2 billion
Previous valuation: N/A.
8. Dapper Labs: $305 million
Deal date: March 30, 2021
VC round: 5th round
Notable investors: Coatue Management, Andreessen Horowitz, Michael Jordan, Kevin Durant
Post-money valuation: $2.6 billion
Previous valuation: N/A.
Deal date: May 11, 2021
VC round: 1st Round
Notable investors: Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Galaxy Digital, Nomura.
Post-money valuation: N/A
Previous valuation: N/A.
10. Paxos: $300 million
Deal date: April 29, 2021
VC round: Series D
Notable investors: Oak HC/FT, PayPal Ventures, Declaration Partners, Liberty City Ventures, Bank of America
Post-money valuation: $2.4 billion
Previous valuation: N/A.
SOURCE: FORBES.
