Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding – Bitcoin News


Crypto agency Matrixport Applied sciences is reportedly in search of $100 million in funding, in keeping with folks accustomed to the matter. Sources detailed that the corporate already secured commitments from traders for roughly $50 million, which might give Matrixport a post-valuation of $1.5 billion.

Matrixport Appears to be like to Elevate $100 Million From Strategic Buyers

The digital asset agency and crypto lender Matrixport is focusing on $100 million from strategic traders, in keeping with a narrative first reported by Bloomberg. The Singapore outfit was based in 2019 by billionaire and former Bitmain CEO Jihan Wu. The monetary providers firm’s operations embody crypto earn packages, lending merchandise, and Ethereum 2.0 staking providers.

Bloomberg’s sources say Matrixport has already gathered “commitments from lead traders for $50 million.” The report notes that Tiger International and Dragonfly are a few of Matrixport’s dedicated backers. With a $50 million capital elevate, Matrixport’s general valuation might bounce to $1.5 billion.

Matrixport confirmed the corporate was partaking with traders and shared Bloomberg’s report on Twitter. “We’re excited and stay up for partaking with individuals, on related phrases, within the different half of the funding spherical,” Matrixport tweeted. “Admire the belief and confidence our traders proceed to have in Group Matrixport.”

The corporate raised $100 million in August 2021 in a Sequence C fundraising spherical and it turned a unicorn firm valued at $1 billion on the time. The spherical was led by DST International, C Ventures, and K3 Ventures. So far as the brand new funding is worried, Matrixport’s public relations lead Ross Gan mentioned “Matrixport routinely engages with key stakeholders as a part of its regular course of enterprise.”

Tags on this story
$1.5 billion, $50 Million, 100 million, capital raises, Investors, Jihan Wu, Jihan Wu Matrixport, Market Cap, Matrixport, Matrixport capital raise, Ross Gan, Series C, Valuations

What do you consider Matrixport in search of $100 million in new financing? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising right this moment.

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