Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding – According to a Bloomberg report, the digital asset firm and crypto lender Matrixport is targeting $100 million from strategic investors. Jihan Wu, a billionaire and former Bitmain CEO, founded the Singaporean company in 2019. The operations of the financial services firm consist of crypto earn programs, lending products, and Ethereum 2.0 staking services.
According to Bloomberg’s sources, Matrixport has already received $50 million in commitments from lead investors. The report identifies Tiger Global and Dragonfly as two of Matrixport’s devoted backers. Matrixport’s market value could increase to $1.5 billion with a $50 million capital raise.
Matrixport confirmed the company was engaging with investors and shared Bloomberg’s report on Twitter. “We’re excited and look forward to engaging with participants, on similar terms, in the other half of the funding round,” Matrixport tweeted. “Appreciate the trust and confidence our investors continue to have in Team Matrixport.”
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’s public relations lead Ross Gan said “Matrixport routinely engages with key stakeholders as part of its normal course of business.”
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