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Fireblocks raises $550m in Series E funding

New York based institutional crypto custody provider raised $550m in Series E funding led by D1 Capital Partners and Spark Capital. 

Fireblocks CEO Michael Shaulov told The Block in an interview that the company has seen "phenomenal financial results" in the past year, with the number of customers growing from 150 to over 800 and revenues growing over 600%. Shaulov declined to provide absolute revenue numbers but said the firm isn't profitable yet.

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crypto