Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

Crypto company Matrixport Technologies is apparently looking for $100 million in financing, according to individuals acquainted with the matter. Sources detailed that the business currently protected dedications from financiers for approximately $50 million, which would provide Matrixport a post-valuation of $1.5 billion.

Matrixport Aims To Raise $100 Million From Strategic Financiers

The digital possession company and crypto loan provider Matrixport is targeting $100 million from tactical financiers, according to a story initially reported by Bloomberg. The Singapore clothing was established in 2019 by billionaire and previous Bitmain CEO Jihan Wu. The monetary services business’s operations consist of crypto make programs, financing items, and Ethereum 2.0 staking services.

Bloomberg’s sources state Matrixport has actually currently collected “dedications from lead financiers for $50 million.” The report keeps in mind that Tiger Global and Dragonfly are a few of Matrixport’s dedicated backers. With a $50 million capital raise, Matrixport’s general assessment might leap to $1.5 billion.

Matrixport verified the business was engaging with financiers and shared Bloomberg’s report on Twitter. “We’re delighted and eagerly anticipate engaging with individuals, on comparable terms, in the other half of the financing round,” Matrixporttweeted “Value the trust and self-confidence our financiers continue to have in Group Matrixport.”

The business raised $100 million in August 2021 in a Series C fundraising round and it ended up being a unicorn business valued at $1 billion at the time. The round was led by DST Global, C Ventures, and K3 Ventures. As far as the brand-new financing is worried, Matrixport’s public relations lead Ross Gan stated “Matrixport consistently engages with crucial stakeholders as part of its regular course of service.”

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