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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.

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.
Social
XFacebook
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
Last Known Valuation
$4.8B as on Nov 28, 2022
Ranked
Employee Count
178 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by FTX (Jun 30, 2022)

BlockFi's acquisition details

BlockFi got acquired by FTX on Jun 30, 2022 at an acquisition amount of $*****.
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:lockFilter 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
-
-
-
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BlockFi's founders and board of directors

Founder? Claim Profile
The founders of BlockFi are Zac Prince and Flori Marquez.
Here are the details of BlockFi's key team members:

BlockFi's employee count trend

BlockFi has 178 employees as of Sep 26. Here is BlockFi's employee count trend over the years:
Employee count trend for BlockFi
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for BitGo
BitGo
2013, Palo Alto (United States), Public
Platform that offers crypto based financial services
$170M
81/100
2nd
Logo for Consensys
Consensys
2014, Fort Worth (United States), Series D
Developer of blockchain and web3 software platform
$725M
80/100
3rd
Logo for FalconX
FalconX
2018, San Francisco (United States), Series D
Online platform offering cryptocurrency trading and investment solutions for institutions
$430M
79/100
4th
Logo for Amber Group
Amber Group
2017, Singapore (Singapore), Series C
Provider of blockchain-based financial solutions
$628M
77/100
5th
Logo for AVA
AVA
2018, Brooklyn (United States), Series B
Blockchain platform for smart contracts and custom subnets
$368M
76/100
6th
Logo for Fireblocks
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
Logo for BlockFi
BlockFi
2017, Jersey City (United States), Acquired
Online platform for trading, crypto-backed loans, interest accounts, and wallets
$466M
74/100
8th
Logo for River Financial
River Financial
2019, San Francisco (United States), Series B
Blockchain focused investment firm
$70M
74/100
9th
Logo for Salt lending
Salt lending
2016, Denver (United States), Acquired
Online platform for asset-backed loans for cryptocurrency
$65.1M
73/100
10th
Logo for Anchorage Digital
Anchorage Digital
2017, San Francisco (United States), Series E
Digital asset platform providing trading, custody, staking, settlement, and crypto financial infrastructure
$587M
73/100
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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:lockFilter 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
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Reports related to BlockFi

Here is the latest report on BlockFi's sector:

News related to BlockFi

lockFilter this list
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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FAQs about BlockFi

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