Bitmain Co-Founder Turns His Second Crypto Venture Into Unicorn

Matrixport, the crypto-finance venture led by Bitmain Technologies Ltd.’s billionaire founder Wu Jihan, has raised fresh capital from investors including DST Global and Tiger Global, ramping up its pre-money valuation to $1 billion in two years since its inception.

The Series C funding round was led by DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners and existing backers like IDG Capital and Dragonfly Capital, the firm said in a statement Monday. The Singapore-based startup has raised over $100 million in the round with a second tranche to come, Chief Executive Officer Ge Yuesheng said in an interview.