Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round

Crypto exchange Blockchain.com reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners, with "major participation" from Baillie Gifford. Bloomberg first reported the news on Thursday though a company spokesperson later confirmed the valuation to CoinDesk.

• The amount raised wasn't disclosed.
• The U.K.-based company raised $300 million in March last year at a valuation of $5.2 billion, according to the Bloomberg report. Lightspeed and VY Capital participated in that round.
• In April, Edinburgh-based Baillie Gifford invested $100 million.
• Blockchain said in 2021 it would move its U.S. headquarters to Miami from New York.
• The exchange, founded in 2011, has 37 million verified users, and one-third of bitcoin network transactions are conducted through it, according to its website.

Read more: FTX Reaches $32B Valuation With $400M Fundraise

UPDATE (March 31, 14:57 UTC): Adds confirmation from company spokesperson, changes headline.