Tech Company Financing Transactions

BlockFi Funding Round

On 8/21/2020, BlockFi landed $50 million in Series C funding from Morgan Creek Digital, Avon Ventures and Castle Island Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series C

Morgan Creek Digital (Lead Investor) (Anthony Pompliano)

Avon Ventures

Castle Island Ventures (Matthew Walsh)

CMT Ventures

HashKey Digital Asset Group

private investors (Michael Antonov)

Kenetic Capital (Jehan Chu)

Purple Arch Ventures

SCB 10X (Mukaya Panich)

Valar Ventures (James Fitzgerald)

Winklevoss Capital (Sterling Witzke)

Proceeds Purpose
The newly secured funds will be used to grow the team and further expand BlockFi's business lines, including the upcoming release of a bitcoin rewards-based credit card and support for additional assets and currencies.

Company Information

Company Status
Private & Independent
Mailing Address
201 Montgomery St. 2nd Floor 263
Jersey City, NJ 07302
Email Address
BlockFi is a secured non-bank lender that offers USD loans to cryptoasset owners who collateralize the loan with their cryptoassets.
BlockFi LinkedIn Company Profile
Social Media
BlockFi Company Twitter Account
Company News
BlockFi News
BlockFi on Facebook
BlockFi on YouTube

Management Team

Email & Social
Chief Executive Officer
Zac Prince
  Zac Prince LinkedIn Profile  Zac Prince Twitter Account  Zac Prince News  Zac Prince on Facebook
Chief Financial Officer
Tony Lauro
  Tony Lauro LinkedIn Profile  Tony Lauro Twitter Account  Tony Lauro News  Tony Lauro on Facebook
Chief Technical Officer
Mahesh Paolini-Subramanya
  Mahesh Paolini-Subramanya LinkedIn Profile  Mahesh Paolini-Subramanya Twitter Account  Mahesh Paolini-Subramanya News  Mahesh Paolini-Subramanya on Facebook
VP - Finance
Amit Cheela
  Amit Cheela LinkedIn Profile  Amit Cheela Twitter Account  Amit Cheela News  Amit Cheela on Facebook
VP - General Counsel
Jonathan Mayers
  Jonathan Mayers LinkedIn Profile  Jonathan Mayers Twitter Account  Jonathan Mayers News  Jonathan Mayers on Facebook
VP - Marketing
Andrew Tam
  Andrew Tam LinkedIn Profile  Andrew Tam Twitter Account  Andrew Tam News  Andrew Tam on Facebook
VP - Operations
Flori Marquez
  Flori Marquez LinkedIn Profile  Flori Marquez Twitter Account  Flori Marquez News  Flori Marquez on Facebook



Browse more venture capital transactions:

Prev: 8/21/2020: iSpace venture capital transaction
Next: 8/21/2020: CoPilot venture capital transaction


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