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FTX raises $420.7m in Series B-1 funding

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.

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.

Tags

crypto, capital markets