Largest Crypto Venture Rounds of 2021: Funding Insights

Venture Rounds of Crypto are increasing in 2021.

Cryptocurrency is a buzzword today and is spearheading into every industry such as eCommerce and automobiles.  Reportedly, the total market value of crypto ventures is bordering on US$2trillion. The number is bigger than the market caps of Amazon, Microsoft, and Google. The largest venture round of crypto now is of Circle, which has recently raised US$440 million. The number surpassed what was achieved on March 8, 2021.

Analytics Insight presents a list of ten such largest venture rounds of cryptocurrency.

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Ten Largest Venture Rounds of Crypto

Circle             

Amount Raised: US$440 million

Deal Date: May 28, 2021

Investors: Marshall Wace, Digital company group, FTX, Breyer Capital.

Previous Valuation: US$3 billion

About Circle: Circle is a reputed cryptocurrency platform and the creator of the second-largest stable coin. The platform holds a record of supporting more than 100 million transactions for over 1,000 businesses.

Bitmain

Amount Raised: US$422 million

Deal Date: August 7, 2018

Investors: Jumbo Sheen Group, Crimson Capital China, Lioness Capital, Pavilion Capital

Previous Valuation: US$12 billion

About Bitmain: Bitmain is a reputed bitcoin mining hardware manufacturer.

BlockFi

Amount Raised: US$350 million

Deal Date: March 11, 2021

Investors: Bain Capital Ventures, Tiger Global, Pomp Investments

Previous Valuation: US$435 million

About BlockFi: BlockFi is deemed as a young startup that came into function in 2017 in New Jersey. The platform is now a leading cryptocurrency provider. The platform deals with multiple categories of products such as crypto collateralized loans and interest-bearing accounts.

Dapper Labs

Amount Raised: US$305 million

Deal Date: March 30, 2021

Investors: Michael Jordan, Kevin Durant, Andreessen Horowitz,

Previous Valuation: N/A

About Dapper Labs: Dapper Labs is a Vancouver-based startup that is best known as the NFT marketplace for basketball video highlights. Dapper Labs rose to fame when it developed a popular Ethereum game of breedable collectibles, which was known as CryptoKitties.

Blockchain.com

Amount Raised: US$300 million

Investors: Partners of DST Global, Lightspeed Venture Partners, VY Capital

Previous valuation: US$3 billion

About Blockchain.com: Blockchain.com is a well-known platform that provides diverse services, especially for non-custodial wallets. These wallets give access to the users over their private keys.

Bakkt

Amount Raised: US$300 million

Deal Date: March 16, 2020

Investors: PayU, BCG digital Venture,

Previous Valuation: N/A

About Bakkt: Bakkt still stands as one of the best crypto solutions platforms and operates through an application known as the Bakkt App. The platform allows users to accumulate and aggregate multiple digital assets which are also inclusive of loyalty points, cryptocurrencies, and reward programs.

Coinbase

Amount Raised: US$300 million

Deal Date: October 30, 2018

Investors: Polychain Capital, Tiger Global Management, Government of Singapore Investment Corporation (GIC)

Previous Valuation: US$1.71 billion

About Coinbase: Coinbase is one of the most powerful cryptocurrency platforms that empower the crypto economy. Amateur investors in crypto decide their crypto journey trajectory with Coinbase. Coinbase was listed in Nasdaq and was valued at US$68 billion.

Bitso

Amount Raised: US$250 million

Deal Date: May 5, 2021

Investors: Tiger Global Paradigm, QED, Pantera Capital

Previous Valuation: N/A

About Bitso: Bitso is a cryptocurrency platform that allows its users to buy, sell, and store bitcoin and cryptocurrencies. The platform was founded in2014 in Mexico City.

Bithumb

Amount Raised: US$200 million

Deal Date: April 19, 2019

Investors: Vidente, ID Ventures

Previous Valuation: US$868.42 million

About Bithumb: Bithumb is a famous South Korean cryptocurrency exchange, which was founded in 2014 with over 8 million users.

Ripple Labs

Amount Raised: US$200 million

Deal Date: October 1, 2020

Investors: SBI holdings, Transform Capital

Previous Valuation: US$410 million

About Ripple Labs: Ripple Labs Inc. deals with an open-source payments protocol. The company specializes in offering math-based virtual currency. Ripple Labs serve customers on a worldwide basis.