About BlockFi
BlockFi is a company based in Jersey City (United States) founded in 2017. It operates as a FinTech. BlockFi has raised $465.65 million across 11 funding rounds from investors including SoFi, Coinbase and Fidelity Investments. BlockFi offers products and services including BlockFi Rewards Visa® Signature Card. BlockFi operates in a competitive market with competitors including Consensys, Uphold, CRYPTO, BitGo and Fireblocks, among others.
- Headquarter Jersey City, United States
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$465.65 M (USD)
in 11 rounds
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Latest Funding Round
$400 M (USD), Debt – Conventional
Jun 22, 2022
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Investors
SoFi
& 43 more
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Employee Count
Employee Count
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Products & Services of BlockFi
BlockFi offers a comprehensive portfolio of products and services, including BlockFi Rewards Visa® Signature Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A credit card offering rewards is provided to users.
Funding Insights of BlockFi
BlockFi has successfully raised a total of $465.65M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $400 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(02 Jan 2018)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Debt – Conventional - BlockFi | Valuation |
investors |
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| Jun, 2022 | Amount | Series D - BlockFi | Valuation | Bain Capital Ventures | |
| Aug, 2021 | Amount | Token Sale - BlockFi | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BlockFi
BlockFi has secured backing from 44 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SoFi, Coinbase and Fidelity Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Global investments in tech sectors are conducted by Valar Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BlockFi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BlockFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blockfi Comparisons
Competitors of BlockFi
BlockFi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Uphold, CRYPTO, BitGo and Fireblocks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| domain | founded_year | HQ Location |
Crypto-based custody, trading, and lending services are provided to institutions.
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| domain | founded_year | HQ Location |
Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blockfi
Frequently Asked Questions about BlockFi
When was BlockFi founded?
BlockFi was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is BlockFi located?
BlockFi is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
Is BlockFi a funded company?
BlockFi is a funded company, having raised a total of $465.65M across 11 funding rounds to date. The company's 1st funding round was a Token Sale of $500M, raised on Jan 02, 2018.
What does BlockFi do?
BlockFi is involved in offering financial services related to cryptocurrency. Solutions such as the BlockFi Rewards Visa Signature Card are provided to clients. The company operates within the fintech sector, focusing on innovative financial products. Support for clients is managed through partnerships and third-party administrators like Kroll and Deserve.
Who are the top competitors of BlockFi?
What products or services does BlockFi offer?
BlockFi offers BlockFi Rewards Visa® Signature Card.
Who are BlockFi's investors?
BlockFi has 44 investors. Key investors include SoFi, Coinbase, Fidelity Investments, FTX, and Galaxy.
What is BlockFi's valuation?
The valuation of BlockFi is $1B as of Jun 2022.
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