Fireblocks Says It Solidified Its Unicorn Status After Raising $310M

Fireblocks announced it has fixed its Unicorn status after raising $310m.

The all-in-one platform for digital assets said it has solidified its Unicorn status after raising $310 million in Series D funding. This boosts its valuation to $2 billion.

Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X co-led the investment. SCB 10X is the investment capital arm of Siam Commercial Bank, Thailand’s oldest bank.

This investment comes after the $133 million raised in March in Series C funding directed by Coatue, Ribbit, and Stripes, with strategic investment from BNY Mellon and SVB. This funding and the current funding that the digital asset security and asset transfer platform, Fireblocks has secured bring its total estimate to $2 billion. This marks another major milestone for the company.

Following this, Michael Shaulov, CEO of Fireblocks, said that the funding would go to developing internal capacity. This includes increasing the research and development and support teams. To continue, he said,

"In addition, we are aggressively expanding into markets such as EMEA and APAC, and we will use funds to grow our go-to-market team. Fireblocks will place even more emphasis on strategic partnerships."

Moreover, Fireblocks has raised a total of $489 million from leading blockchain venture firms since it was launched.

What is more, when asked about the key operators behind crypto adoption and whether they've changed amid the bull market, Shaulov said, "We have seen a certain maturity in the space and the development of projects utilizing blockchain technology [...] outside of the crypto native arena. We are working with many financial services firms around the world to expand use-cases regarding projects for digitization of currencies, securities and other real assets."