Blockchain unicorn Fireblocks raises $310M at $2 billion valuation
The latest investment round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X.
Fireblocks, the Blockchain infrastructure provider, has secured another $310 million in Series D funding round, bringing its total valuation to $2 billion and marking another major milestone for the company.
The funding would go toward expanding internal capacity, including increasing the research and development and support teams, said Fireblocks CEO Michael Shaulov.
"In addition, we are aggressively expanding into markets such as EMEA and APAC, and we will use funds to grow our go-to-market team," Shaulov said, adding that Fireblocks will place even more emphasis on strategic partnerships.
Since launching in 2019, The blockchain infrastructure and cryptocurrency custody provider firm has raised a cumulative $489 million from leading blockchain venture firms. The company secured $133 million in Series C financing in March of this year.
Infrastructure solutions provided by Fireblocks have been adopted by over 500 institutions, including cryptocurrency exchanges, hedge funds, market makers, and over-the-counter trading desks. Some of its business partners include BlockFi, eToro, Galaxy Digital, Celsius, and Crypto.com.
Fireblocks was a key player in developing secure wallet infrastructure for Diem, a forthcoming payment network backed by Facebook. The wallet was designed to allow financial institutions to facilitate transactions directly on the Diem network. Fireblocks is also supporting DeFi money market Aave in its quest to bring a permissioned version of its platform to institutional investors.