crypto wallet and exchange company blockchain.com raises $300 million at $5.2 billion valuation
Blockchain.com Secures $300 Million in Series C Funding
Concurrent with Coinbase’s impending public offering in the United States, Blockchain.com is experiencing a remarkably successful first quarter of 2021. The firm, known for its widely-used cryptocurrency wallet, exchange platform, and block explorer, has successfully closed a $300 million Series C funding round.
Recent Funding Activity
Just last month, Blockchain.com was the subject of reporting regarding a $120 million funding round. This latest investment signifies that the company is actively seeking capital and expanding its resources in quick succession.
Investment Details
This funding round is being spearheaded by DST Global, Lightspeed Venture Partners, and VY Capital. Participation also included contributions from existing investors. The company’s post-money valuation now stands at $5.2 billion following this latest investment.
Company Origins and Evolution
Initially established as Blockchain.info, the company’s first product was a blockchain explorer. This tool allows users to input a transaction hash and retrieve detailed information, including transaction amounts, confirmation numbers, and sender/receiver wallet addresses.
Core Product: The Noncustodial Wallet
Blockchain.com is perhaps best recognized for its open-source wallet. This wallet is noncustodial, meaning users retain complete control over their private keys. Consequently, Blockchain.com does not have direct access to user funds.
User Growth
Currently, 31 million users have completed identity verification on the Blockchain.com platform. The number of active users has experienced a threefold increase over the last year.
Diversified Services
Blockchain.com has strategically expanded its service offerings over time. It now operates a cryptocurrency exchange, enabling direct buying and selling of digital assets. Furthermore, the company provides specialized services tailored to institutional investors.
Institutional Services Offered
These services encompass cryptocurrency trading, secure custody solutions, and facilitation of large over-the-counter transactions.
Financial Performance and Future Plans
According to co-founder and CEO Peter Smith, “Blockchain.com is highly profitable across each of our business lines.” The newly acquired funding will be utilized to accelerate growth and collaborate with late-stage investors. Strategic acquisitions by Blockchain.com are anticipated in the near future.
Romain Dillet
Romain Dillet: A Profile of a Leading Tech Journalist
Romain Dillet served as a Senior Reporter for TechCrunch until April 2025. Throughout his tenure, he became a recognized authority within the technology sector.
Extensive Experience and Expertise
Having authored more than 3,500 articles, Dillet has cultivated a strong reputation as a key voice concerning European technology. His areas of expertise are broad, encompassing startups, AI, fintech, privacy, security, blockchain, mobile technology, social media, and related fields.
Dillet’s thirteen years with TechCrunch have made him a well-known figure in tech journalism. He began his career at the publication at the age of 21, consistently providing coverage of Silicon Valley and the wider tech landscape.
Recognized Authority in the European Tech Scene
Currently based in Paris, Romain Dillet is widely regarded by many within the tech community as the most informed tech journalist in the city. His insights are highly valued.
Early Identification of Promising Startups
A key strength of Dillet’s reporting lies in his ability to identify significant startups at an early stage. He was the first journalist to extensively cover companies like Revolut, Alan, and N26.
Furthermore, he has broken exclusive stories regarding major acquisitions made by industry giants such as Apple, Microsoft, and Snap.
Technical Depth and Historical Perspective
Beyond his journalistic skills, Romain Dillet is also a proficient developer. This technical understanding allows him to analyze the underlying mechanisms of new technologies effectively.
He also possesses a comprehensive understanding of the computer industry’s evolution over the last 50 years. This historical context enables him to discern connections between innovations and their societal impact.
Educational Background and Philanthropic Work
Romain Dillet is a graduate of Emlyon Business School, a prominent French institution specializing in entrepreneurship.
He actively supports several non-profit organizations, including:
- StartHer: An organization dedicated to fostering education and empowerment for women in technology.
- Techfugees: An organization focused on leveraging technology to empower displaced individuals.