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UK Asset Manager Baillie Gifford Invests $100M in Blockchain.com
The Edinburgh, Scotland-based company was also an early investor in tech giants Tesla and Google.
Updated Sep 14, 2021, 12:44 p.m. Published Apr 21, 2021, 11:01 a.m.
Baillie Gifford, one of the U.K.’s most prominent asset managers, has invested $100 million in crypto exchange and wallet provider Blockchain.com.
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- A blog by Blockchain.com CEO and co-founder Peter Smith on Tuesday said this is the largest single investment in the startup to date.
- Baillie Gifford is a 110-year old asset management firm headquartered in Edinburgh with $445.3 billion in assets under management (AUM). It was an early investor in such tech giants as Tesla, Google and Amazon.
- This is one of Baillie Gifford’s first such investments in a company in the crypto space, according to Smith.
- It also follows less than a month after Blockchain.com raised $300 million in a Series C funding round led by DST Global, Lightspeed Venture Partners and VY Capital, which valued the company at $5.2 billion.
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See also: Blockchain.com Crypto Wallet Outage Affects ‘Large Number’ of Users
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