Crypto Startup Backed by Google Fund Hits $8 Billion Valuation
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Investors including an Alphabet Inc.-affiliated growth fund pushed the valuation of crypto startup Fireblocks Inc. to $8 billion in its latest financing round, four times what the company was valued at in July.
Fireblocks Inc. raised $550 million in the Series E round, which was co-led by D1 Capital Partners and Spark Capital, according to a statement on Thursday. CapitalG, the independent Alphabet fund that manages over $3 billion, was among investors along with General Atlantic, Index Ventures and Parafi Growth Fund.