The Singapore-based digital monetary service platform Matrixport led by Wu Jihan, the co-founder of the world’s prime Bitcoin mining machine supplier big Bitmain, raised $100 million in Sequence C financing.
The corporate’s market worth will exceed $1 billion after finishing this financing, becoming a member of the ranks of cryptocurrency enterprise unicorns.
Reportedly, the C spherical of financing was led by Russia’s main Web funding corporations DST International, enterprise capital firm C Ventures, and Singapore enterprise capital fund K3 Ventures. Different traders embody Qiming Enterprise Capital, CE Innovation Capital, Tiger International, Cachet Group, Palm Drive Capital, Foresight Ventures, and A&T Capital.
Matrixport mentioned that the funds raised this time will develop additional analysis and improvement of its product provide and safety whereas enhancing the consumer expertise for platform customers.
The Chief Government Officer of Matrixport Ge Yuesheng will proceed to develop financing and mentioned in an interview:
“Crypto banking continues to be a fast-growing area of interest when in comparison with wallets and exchanges. Our shoppers are primarily excessive net-worth people in crypto who’ve a variety of expectations of threat and return.”
To this point, high-tech startup Matrixport has raised a complete of $129 million in funding. The most recent funding was raised on Apr 26, 2021, from a Sequence C spherical by Qiming Enterprise Companions, who additionally invested $100 million in funding this time.
As of March this yr, Matrixport has managed and managed consumer property of greater than $10 billion. Ge mentioned at present that the corporate’s objective is to go on the general public itemizing inside three to 5 years and plans to extend the property underneath administration and custody to a whole lot of billions of {dollars} inside 5 years.
In January 2021, Wu Jihan resigned from the CEO and chairman of Bitmain and introduced the institution of the Bitdeer Group-previously generally known as the share mining machine enterprise of Bitmain and concurrently serves because the chairman of Matrixport.
Picture supply: Shutterstock
