Not long ago, it was rare to see blockchain or cryptocurrency startups valued at more than $1 billion. But that list is growing rapidly.
- Since the start of the year, eight new blockchain or cryptocurrency companies have received unicorn valuations, bringing the total count to 21, according to PitchBook data. Two of those were added yesterday.
- Bitcoin investment firm Galaxy Digital agreed to pay $1.2 billion in stock and cash for BitGo. The startup operates a crypto platform for institutional investors and service providers, and has more than $40 billion of assets under custody. BitGo was valued at $170 million in 2018, according to PitchBook data.
- Crypto trading platform creator Bitso raised $250 million in a Series C led by Tiger Global and Coatue Management at a $2.2 billion valuation. The Mexican company’s Latin America customer base doubled to two million in less than a year. Paradigm, Bond, Valor Capital Group, QED, Pantera Capital and Kaszek also supported the round.