{"id":27518,"date":"2020-08-20T17:10:26","date_gmt":"2020-08-20T14:10:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27518"},"modified":"2025-08-26T21:15:44","modified_gmt":"2025-08-26T18:15:44","slug":"blockfi-a-crypto-lending-service-raises-50-million-from-morgan-creek-digital-and-the-winklevoss-twins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockfi-a-crypto-lending-service-raises-50-million-from-morgan-creek-digital-and-the-winklevoss-twins\/","title":{"rendered":"BlockFi, a crypto-lending service, raises $50 million from Morgan Creek Digital and the Winklevoss twins"},"content":{"rendered":"<p>BlockFi, a cryptocurrency lending company, has closed its Series C funding round, raising $50 million.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re excited to announce that we\u2019ve raised $50 million in Series C funding led by Morgan Creek Digital. For more details, check out our blog post below. <a href=\"https:\/\/t.co\/oNSqySaFVM\">https:\/\/t.co\/oNSqySaFVM<\/a><\/p>\n<p>\u2014 BlockFi (@TheRealBlockFi) <a href=\"https:\/\/twitter.com\/TheRealBlockFi\/status\/1296421564360077313?ref_src=twsrc%5Etfw\">August 20, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Morgan Creek Digital led the round. Other investors included Winklevoss Capital, Valar Ventures, Avon Ventures, Purple Arch Ventures, Kenetic Capital and HashKey.<\/p>\n<p>Together with the new funds, the startup has raised nearly $100 million from investors over the past 12 months.<\/p>\n<p>BlockFi said that revenues had grown tenfold over the past year. Assets under management have surpassed $1.5 billion.<\/p>\n<p>In a statement to <a href=\"https:\/\/www.coindesk.com\/blockfi-50m-series-c\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">CoinDesk<\/span><\/a>, co-founder and chief executive Zac Prince said that the company plans to further expand its staff, enter new markets, and issue bitcoin-rewards cards.<\/p>\n<p><span style=\"font-weight: 400;\">Back in August last year, as part of the Series A round, BlockFi <\/span><span style=\"font-weight: 400;\">attracted<\/span><span style=\"font-weight: 400;\"> $18.3 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier in 2020, in a Series B round, the startup <\/span><span style=\"font-weight: 400;\">raised<\/span><span style=\"font-weight: 400;\"> another $30 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In July<\/span><span style=\"font-weight: 400;\">, it was reported<\/span><span style=\"font-weight: 400;\"> that BlockFi planned to assemble a team of specialists to help lay the groundwork for a possible initial public offering.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlockFi, a cryptocurrency lending company, has completed its Series C financing round, raising $50 million.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1436,52,1277],"class_list":["post-27518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockfi","tag-investments","tag-morgan-creek"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27518"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27518\/revisions"}],"predecessor-version":[{"id":27519,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27518\/revisions\/27519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}