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News by FinTech Collective Archive

FTX raises $420.7m in Series B-1 funding

Sarah Wolter

October 21, 2021

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Sarah Wolter

Bahamas based crypto exchange raised $420.7m in Series B-1 funding from investors including Ontario Teachers’ Pension Plan Board, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners, and BlackRock.

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A Binance spokeswoman said: “As we continue to grow responsibly in cooperation with global regulators, the potential of this industry is virtually impossible to project today.” She didn’t comment directly on the funding effort.

https://www.wsj.com/articles/crypto-exchange-ftx-reaches-25-billion-valuation-11634817601

unknownx500

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