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Bitmain Spin-Off Matrixport Gets $100M in Series C Funding, Valuation Over $1B
Funding will go toward furthering research for its product offerings while enhancing the platform's user experience.
Updated Sep 14, 2021, 1:33 p.m. Published Aug 2, 2021, 3:29 a.m.
Matrixport, a crypto services provider, has closed a $100 million Series C funding round with a valuation of over $1 billion.
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- The round was led by partners of DST Global, C Ventures and K3 Ventures, according to a press release on Monday.
- Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital also participated.
- Funding will go toward furthering research and development for its product offerings and security while enhancing the platform's user experience, the firm said.
- To date, the Singapore-based start-up has raised $129 million.
- As of March 2021, the company said it holds over $10 billion in assets under management and has recorded $5 billion in monthly transactions across all products.
Read more: Gemini Exchange to Expand Asia-Pacific Operations in a Bid to Capture Growth
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