BlockFi Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 125

Employees

  • Latest Deal Type
  • Bankr. Admin/​Reorg

  • Investors
  • 4

BlockFi General Information

Description

Developer of a wealth management platform designed to manage crypto assets and maximize earning potential. The company's platform provides wealth management products such as USD loans backed by crypto, crypto interest-earning accounts, crypto trading, crypto-back credit cards, and other similar products, enabling clients to ease out bitcoin trading and secure digital payments in the cloud while mitigating risks associated with financial lending.

Contact Information

Website
www.blockfi.com
Ownership Status
Privately Held (backing)
Financing Status
Formerly VC-backed
Corporate Office
  • 201 Montgomery Street
  • Suite 263
  • Jersey City, NJ 07302
  • United States
+1 (646)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Business/Productivity Software
Vertical(s)
Cryptocurrency/Blockchain, FinTech
Corporate Office
  • 201 Montgomery Street
  • Suite 263
  • Jersey City, NJ 07302
  • United States
+1 (646)

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BlockFi Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Bankruptcy: Admin/Reorg 28-Nov-2022 Completed Bankruptcy: Admin/Reorg
9. Later Stage VC 01-Jun-2022 Completed Generating Revenue
8. Secondary Transaction - Private 10-Dec-2021 Completed Generating Revenue
7. Later Stage VC (Series E) 01-Jul-2021 Completed Generating Revenue
6. Later Stage VC (Series D) 11-Mar-2021 Completed Generating Revenue
5. Later Stage VC (Series C) 14-Aug-2020 Completed Generating Revenue
4. Early Stage VC (Series B) 03-Feb-2020 Completed Generating Revenue
3. Early Stage VC (Series A) 30-Jul-2019 Completed Generating Revenue
2. Seed Round 25-Jun-2018 $2M $3.5M Completed Generating Revenue
1. Seed Round 16-Feb-2018 $1.5M $1.5M Completed Product In Beta Test
To view BlockFi’s complete valuation and funding history, request access »

BlockFi Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E
Series E-1
Series D
Series C
Series B
Series A-3
Series A-2
Series A-1
Seed-2 1,167,941 $0.000010 $0.52 $0.52 1x $0.52 1.86%
Seed 2,860,381 $0.000010 $0.47 $0.47 1x $0.47 4.56%
To view BlockFi’s complete cap table history, request access »

BlockFi Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a wealth management platform designed to manage crypto assets and maximize earning potential. The company's
Financial Software
Jersey City, NJ
125 As of 2023

New York, NY
 

London, United Kingdom
 
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BlockFi Competitors (15)

One of BlockFi’s 15 competitors is Gemini, a Venture Capital-Backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Gemini Venture Capital-Backed New York, NY
Blockchain.com Venture Capital-Backed London, United Kingdom
Celsius Network Private Equity-Backed Hoboken, NJ
Ledn Venture Capital-Backed Toronto, Canada
Kraken Venture Capital-Backed Cheyenne, WY
You’re viewing 5 of 15 competitors. Get the full list »

BlockFi Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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BlockFi Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
Hybridge Capital Management Real Estate Minority
Endowment Wealth Management Asset Manager Minority
Inflection Ventures (New York) Venture Capital Minority
Jump Capital Venture Capital Minority
To view BlockFi’s complete investors history, request access »

BlockFi Investments (10)

BlockFi’s most recent deal was a Early Stage VC with SwapGlobal for . The deal was made on 09-Jun-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
SwapGlobal 09-Jun-2022 Early Stage VC Brokerage
GamerGains 01-Apr-2022 Seed Round Entertainment Software
Hex Trust 15-Mar-2022 Early Stage VC Financial Software
Trace Finance 15-Feb-2022 Seed Round Financial Software
Figment (Financial Software) 10-Dec-2021 Later Stage VC Financial Software
You’re viewing 5 of 10 investments. Get the full list »

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BlockFi Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
BlockFi Ventures Jersey City, NJ

BlockFi FAQs

  • When was BlockFi founded?

    BlockFi was founded in 2017.

  • Where is BlockFi headquartered?

    BlockFi is headquartered in Jersey City, NJ.

  • What is the size of BlockFi?

    BlockFi has 125 total employees.

  • What industry is BlockFi in?

    BlockFi’s primary industry is Financial Software.

  • Is BlockFi a private or public company?

    BlockFi is a Private company.

  • What is BlockFi’s current revenue?

    The current revenue for BlockFi is .

  • How much funding has BlockFi raised over time?

    BlockFi has raised $958M.

  • Who are BlockFi’s investors?

    Hybridge Capital Management, Endowment Wealth Management, Inflection Ventures (New York), and Jump Capital have invested in BlockFi.

  • Who are BlockFi’s competitors?

    Gemini, Blockchain.com, Celsius Network, Ledn, and Kraken are some of the 15 competitors of BlockFi.

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