BlockFi Overview
- Year Founded
-
2017

- Status
-
Private
- Employees
-
125

- 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.comCorporate Office
- 201 Montgomery Street
- Suite 263
- Jersey City, NJ 07302
- United States
Corporate Office
- 201 Montgomery Street
- Suite 263
- Jersey City, NJ 07302
- United States
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 |
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% |
BlockFi Comparisons
Industry
Financing
Details
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 |
BlockFi Signals
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 |
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 |
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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