BlockFi in Discussions to Raise Several Hundred Million in Latest Round: Report

BlockFi in Discussions to Raise Several Hundred Million in Latest Round: Report

The trading and wealth management platform BlockFi is in discussions to raise several hundred million dollars in its latest venture round, according to a report in The Information.

Quoting an unnamed source, the publication said that the hedge fund Third Point Management and London-based venture firm Hedosophia are spearheading the round, which will also include existing investors.

BlockFi is raising the money with a valuation of $5 billion, which is 70% higher than during its last venture round in March, according to the report.

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