About BlockFi
BlockFi is a Financial Services company based in Jersey City (United States) founded in 2017 by Zac Prince and Flori Marquez. Crypto trading, loans, interest accounts, and wallets are offered online. It operates on a FinTech model. BlockFi has raised $465.65 million across 11 funding rounds from investors including SoFi, Coinbase and Fidelity Investments. The company has 178 employees. BlockFi was last valued at $4.8 billion in November 2022. Its website blockfi.com draws about 20 thousand monthly visits. The company has since been acquired. BlockFi offers products and services including BlockFi Rewards Visa® Signature Card. Its focus areas include Financials and Cryptocurrency Services. Its competitors include Consensys, BitGo and Fireblocks; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Jersey City, United States
- Employees 178
- Founders Zac Prince, Flori Marquez
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website blockfi.com
- Social LinkedIn X Facebook
- Total Equity Funding$465.65M (USD)
in 11 rounds
- Latest Funding Round$400M (USD), Debt – Conventional
Jun 2022
- InvestorsSoFi
& 63 more
- Employee Count178
Products & Services of BlockFi
BlockFi offers a comprehensive portfolio of products and services, including BlockFi Rewards Visa® Signature Card.
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 $465.65M
- Total Rounds 11
- Last Round Debt – Conventional — $400M
- First Round $1.55M
(Jan 2018)
- Investors Count 64
Latest 10 of 11 funding rounds of BlockFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $400M | Debt – Conventional | – | – | |
| Jun 2022 | Series D | $1B | Bain Capital Ventures | ||
| Aug 2021 | $500M | Token Sale | – | – | |
| Mar 2021 | $350M | Series D | $3B | Bain Capital Ventures, Pompinvestments.com | |
| Aug 2020 | $50M | Series C | – | Morgan Creek Capital Management | |
| Feb 2020 | $37.54M | Series B | – | Valar Ventures | |
| Aug 2019 | $20.05M | Series A | – | Valar Ventures | |
| Nov 2018 | $4M | Series A | – | Akuna Capital | |
| Jul 2018 | $52.5M | Debt – Conventional | – | – | |
| Jun 2018 | $2.5M | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $1B | •••••••• |
| Mar 2021 | $3B | •••••••• |
Last known valuation $4.8B (Nov 2022). 64 investors in total: 62 institutional and 2 angel.
Investors in BlockFi
BlockFi has secured backing from 64 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SoFi, Coinbase and Fidelity Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on investing in multiple sectors | baincapitalventures.com | Boston, United States | ||
Venture capital investment firm | dst-global.com | Menlo Park, United States | ||
Global investments in tech sectors are conducted by Valar Ventures. | valar.com | New York, United States | ||
Venture capital investments are guided by disruptive innovation theories. | roseparkadvisors.com | Boston, United States | ||
Multi-asset investment management is provided for technology-enabled companies. | bracketcapital.com | Los Angeles, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Investment management services are provided to institutions and wealthy families. | 2004 | morgancreekcap.com | Chapel Hill, United States | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com | |||
Venture capital firm | breyercapital.com | Menlo Park, United States | ||
Multiple sectors are invested in via a funds-of-funds approach. | kenetic.capital | Hong Kong, China |
Investor details for BlockFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of BlockFi
3 people are tracked at BlockFi (3 in leadership); the tracked headcount is 178.
| Name | Role | Group |
|---|---|---|
Matteo Bruni | Leadership | |
Zac Prince | Founder | Leadership |
Flori Marquez | Co-Founder and Chief Operating Officer | Leadership |
Complete people profiles for BlockFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of BlockFi
4 dated milestones of BlockFi across 5 years, from founding to its latest funding, stage changes and deals.
- Founded BlockFi is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $400.0M.
Competitors of BlockFi
BlockFi has 3 listed competitors in our database, 3 of them funded. They include Consensys, BitGo and Fireblocks.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| fireblocks.com | 2018 | New York, United States | $1.04B | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service |
Detailed competitors of BlockFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of BlockFi
The website of BlockFi (blockfi.com) receives about 20.5K visits a month.
- Monthly visits20.5K
▲ 18.3% vs previous month
Websites whose visitors overlap most with BlockFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| coinbase.com | 100% | 27.7M | #1,680 | View details |
Top companies in Cryptocurrencies
3 companies that operate in the same segment as BlockFi (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Blockfi
Complete news archive for BlockFi
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Frequently Asked Questions about BlockFi
BlockFi was founded in 2017 and raised its 1st funding round 1 year after it was founded.
BlockFi is headquartered in Jersey City, United States. It is registered at Jersey City, New Jersey, United States.
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 Seed of $2.5M, raised on Jan 2018.
BlockFi has 178 employees.
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.
BlockFi's top competitors include Consensys, Fireblocks and BitGo.
BlockFi offers BlockFi Rewards Visa® Signature Card.
BlockFi has 64 investors. Key investors include SoFi, Coinbase, Fidelity Investments, FTX, and Galaxy.
The valuation of BlockFi is $4.8B as of Nov 2022.