New York-based crypto security provider Fireblocks informed about the finalization of Series C financing. The company boosted $133 M.
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Round C was lead by fund manager Coatue, the fintech-centered venture capital Ribbit and expansion capital company Stripes.Thus, Fireblocks' summative venture holdings reached $179 M. Interestingly, in the previous Series B fundraising, hold in November 2020, the company attracted $30 M.
The crypto custody began to attract more investors with expanding client projections.
Amongst the major institutional investors of round C is a leading financial processes provider BNY Mellon. Moreover, the corporation partners with Fireblocks to establish a BTC custody product. Well-known names in the financial industry Paradigm, Galaxy Digital and Swisscom Ventures, contributed to this stage as well.Fireblocks intends to use the supplies to upgrade its framework. The Chief Executive Officer of the entity Michael Shaulov stated that they will focus on engineering mainly. During the previous few months, the project onboarded 70 new names. Overall, FireBlocks has completed $400 B in digital currency transfers for approximately 230 users including banks, hedge funds, fintech firms, and exchanges, among others.