Thiel-Backed Valar Leads Finance Round for Crypto Startup
- Crypto-lender BlockFi reaps $18.3 million in series A offering
- Novogratz’s Galaxy, Winklevoss Capital also among backers
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Peter Thiel-backed Valar Ventures led an $18.3 million financing round for a crypto-lending startup that plans to launch additional products including a crypto-rewards credit card.
Other backers in BlockFi Inc.’s series A offering include billionaire Mike Novogratz’s Galaxy Digital Ventures LLC, Winklevoss Capital, ConsenSys Ventures and Akuna Capital, the crypto firm said Tuesday in a statement.