{"id":14818,"date":"2022-11-25T19:42:49","date_gmt":"2022-11-25T19:42:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-financial-services-firm-matrixport-seeks-100-million-in-funding-bitcoin-news\/"},"modified":"2022-11-25T19:42:49","modified_gmt":"2022-11-25T19:42:49","slug":"crypto-financial-services-firm-matrixport-seeks-100-million-in-funding-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-financial-services-firm-matrixport-seeks-100-million-in-funding-bitcoin-news\/","title":{"rendered":"Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion.<\/strong><\/p>\n

Matrixport Looks to Raise $100 Million From Strategic Investors<\/h2>\n

The digital asset firm and crypto lender Matrixport is targeting $100 million from strategic investors, according to a story first reported<\/a> by Bloomberg. The Singapore outfit was founded in 2019 by billionaire and former Bitmain CEO Jihan Wu. The financial services company\u2019s operations include crypto earn programs, lending products, and Ethereum 2.0 staking services.<\/p>\n

Bloomberg\u2019s sources say Matrixport has already gathered \u201ccommitments from lead investors for $50 million.\u201d The report notes that Tiger Global and Dragonfly are some of Matrixport\u2019s committed backers. With a $50 million capital raise, Matrixport\u2019s overall valuation could jump to $1.5 billion.<\/p>\n

Matrixport confirmed the company was engaging with investors and shared Bloomberg\u2019s report on Twitter. \u201cWe\u2019re excited and look forward to engaging with participants, on similar terms, in the other half of the funding round,\u201d Matrixport tweeted<\/a>. \u201cAppreciate the trust and confidence our investors continue to have in Team Matrixport.\u201d<\/p>\n

The company raised $100 million in August 2021 in a Series C fundraising round and it became a unicorn company valued at $1 billion at the time. The round was led by DST Global, C Ventures, and K3 Ventures. As far as the new funding is concerned, Matrixport\u2019s public relations lead Ross Gan said \u201cMatrixport routinely engages with key stakeholders as part of its normal course of business.\u201d<\/p>\n

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$1.5 billion<\/a>, $50 Million<\/a>, 100 million<\/a>, capital raises<\/a>, Investors<\/a>, Jihan Wu<\/a>, Jihan Wu Matrixport<\/a>, Market Cap<\/a>, Matrixport<\/a>, Matrixport capital raise<\/a>, Ross Gan<\/a>, Series C<\/a>, Valuations<\/a><\/div>\n<\/div>\n

What do you think about Matrixport seeking $100 million in new financing? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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