BlockFi - About the company
BlockFi is an acquired company based in Jersey City (United States), founded in 2017 by Zac Prince and Flori Marquez. It operates as an Online platform for trading, crypto-backed loans, interest accounts, and wallets. BlockFi has raised $466M in funding from investors like Bain Capital Ventures, Valar Ventures and Tiger Global Management, with last known valuation of $4.8B. The company has 664 active competitors, including 140 funded and 32 that have exited. Its top competitors include companies like BitGo, Consensys and FalconX.
Sectors and market segments that BlockFi operate in
BlockFi serves in the FinTech, Blockchain Technology market segments.The primary business model of BlockFi are:Company Details
Online platform for trading, crypto-backed loans, interest accounts, and wallets. The platform tracks all the historical transaction details and assists in tax reporting. It also offers solutions for miners, exchanges, and Crypto ATMs. Its app is available for Android and iOS users.
- Website
- blockfi.com
- Email ID
- *****@blockfi.com
- Phone Number
- +1 **********
- Registered Address
- 201 MONTGOMERY ST, SUITE 263, JERSEY CITY, NJ 07302
Key Metrics
Founded Year
2017
Location
Jersey City, United States
Stage
Acquired
Total Funding
$466M in 11 rounds
Latest Funding Round
Last Known Valuation
$4.8B as on Nov 28, 2022
Investors
Ranked
7th among 664 active competitors
Employee Count
178 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by FTX (Jun 30, 2022)
Legal entities associated with BlockFi
BlockFi is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BLOCKFI INC. CIN: 195767596 , United States, Active | Apr 15, 2022 | - | - | - |
BlockFi Trading LLC CIN: 20211631507 , United States, Deadpooled | Jul 08, 2021 | - | - | - |
BlockFi's acquisition details
Click here to take a look at BlockFi's acquisition in detail
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BlockFi's funding and investors
BlockFi has raised a total funding of $466M over 11 rounds. Its first funding round was on Jan 02, 2018. Its latest funding round was a Conventional Debt round on Jun 22, 2022 for $400M. 1 investor participated in its latest round. BlockFi has 63 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of BlockFi:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 22, 2022 | $400M | Conventional Debt | - | - | - | |
Jun 06, 2022 | Undisclosed | Series D | $1B | - | ||
Aug 20, 2021 | $500M | ICO | - | - | - |
View details of BlockFi's funding rounds and investors
BlockFi's founders and board of directors
Founder? Claim ProfileThe founders of BlockFi are Zac Prince and Flori Marquez.
Here are the details of BlockFi's key team members:
- Zac Prince: Former Co-Founder & CEO of BlockFi and founder of 1 other company. They are also an angel investor in 5 startups.
- Flori Marquez: Co-Founder and Chief Operating Officer of BlockFi.
View details of BlockFi's Founder profiles and Board Members
BlockFi's employee count trend
BlockFi has 178 employees as of Sep 26. Here is BlockFi's employee count trend over the years:
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BlockFi's Competitors and alternates
Top competitors of BlockFi include BitGo, Consensys and FalconX. Here is the list of Top 10 competitors of BlockFi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | BitGo 2013, Palo Alto (United States), Public | Platform that offers crypto based financial services | $170M | 81/100 | |
2nd | Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
3rd | FalconX 2018, San Francisco (United States), Series D | Online platform offering cryptocurrency trading and investment solutions for institutions | $430M | 79/100 | |
4th | Amber Group 2017, Singapore (Singapore), Series C | Provider of blockchain-based financial solutions | $628M | 77/100 | |
5th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 76/100 | |
6th | Fireblocks 2018, New York (United States), Series E | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | $1.04B | 75/100 | |
7th | BlockFi 2017, Jersey City (United States), Acquired | Online platform for trading, crypto-backed loans, interest accounts, and wallets | $466M | 74/100 | |
8th | River Financial 2019, San Francisco (United States), Series B | Blockchain focused investment firm | $70M | 74/100 | |
9th | Salt lending 2016, Denver (United States), Acquired | Online platform for asset-backed loans for cryptocurrency | $65.1M | 73/100 | |
10th | Anchorage Digital 2017, San Francisco (United States), Series E | Digital asset platform providing trading, custody, staking, settlement, and crypto financial infrastructure | $587M | 73/100 |
Looking for more details on BlockFi's competitors? Click here to see the top ones
BlockFi's Investments and acquisitions
BlockFi has not made any acquisitions yet. BlockFi has made 13 investments.Here is the list of latest three $investments:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 28, 2022 | Investments | 2017 | Los Angeles (United States) | |
Jul 14, 2022 | Investments | 2008 | San Francisco (United States) | |
May 15, 2022 | Investments | 2018 | London (United Kingdom) |
See all investments by BlockFi
Reports related to BlockFi
Here is the latest report on BlockFi's sector:
News related to BlockFi
Media has covered BlockFi for a total of 3 events in the last 1 year, 3 of them have been about people movement.
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Former BlockFi Chief Zac Prince Joins Galaxy Digital to Lead New Banking PlatformCoin Spectator•Mar 24, 2026•BlockFi
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Former BlockFi Chief Zac Prince Joins Galaxy Digital to Lead New Banking PlatformCoin Spectator•Mar 05, 2026•Galaxy, BlockFi
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Former BlockFi Chief Zac Prince Joins Galaxy Digital to Lead New Banking PlatformCoin Spectator•Feb 06, 2026•Galaxy, BlockFi
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NJ Bankruptcy Court Denies Challenge to BlockFi Bankruptcy Plan and Gatekeeper ProvisionBlock Tribune•Jul 31, 2025•BlockFi
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BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy DistributionsCoinDesk•Apr 02, 2025•BlockFi
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Michael Novogratz's Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFiCoinDesk•Feb 26, 2025•BlockFi
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BlockFi's Lending License Revoked By California Regulator Over ViolationsBenzinga•Nov 08, 2024•BlockFi
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Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor RepaymentsBitcoin•Sep 24, 2024•BlockFi, Coinbase
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Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor RepaymentsCryptocurrency•Sep 24, 2024•Coinbase, BlockFi
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BlockFi Administrator Seeks Court Approval for Final 100% DistributionCoinspeaker•Jul 23, 2024•BlockFi, M3 Partners
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