Baillie Gifford invested $100 million in crypto exchange and wallet provider Blockchain.com. They are one of the U.K.’s most prominent asset managers.
Last month, London-based crypto wallet and exchange operator Blockchain.com secured $ 300M in Series C funding. The Series C funding led by DST Global partner, Lightspeed ventures, and VY Capital. The company announced that Baillie Gifford not only participated in that round but invested $100M. This was the largest single investment in blockchain.com to date.
About Baillie Gifford
Baillie Gifford is a 110-year-old asset management firm. They were early investors in some biggest tech-enabled companies like Google, Amazon, Tesla, and more. Peter Smith, CEO & co-founder of Blockchain.com, says, “Baillie Gifford keep a low profile, has exacting standards, and are invaluable partners to blockchain.com as we grow. As one of their first investments in crypto company, we’re honoured to include them on our journey to bring next 1B people into crypto. It’s also validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.”
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The firm owns and run by 47 of its senior executives who operate as a partnership. That(Partnership) enables them to manage the business for the future and the present, with the emphasis on genuine long-term thinking.
Blockchain.com intends to use the funds generated from Baillie Gifford and other investors to improve its products, grow its business, and make the cryptocurrency market available to more people.
