Crypto Firm Fire Blocks Garners More than $300 Million in New Funds.
31 Jul 2021, 08:00
Crypto Firm Fire Blocks Garners More than $300 Million in New Funds
Digital currency provider Fire Blocks – a startup based in New York – has managed to raise more than $300 million in new funds, thereby bringing its overall valuation beyond the $2 billion mark in just under half a year.
Fire Blocks Gets Its Hands On a Lot of MoneyFire Blocks came about three years ago in 2018. Just last February, the company managed to secure approximately $133 million for itself through a Series C funding round. During that period, the company’s overall valuation was around $700 million, which is already impressive for a company that hasn’t been around for very long, but things have really picked up since the beginning of 2021. At that time, Fire Blocks saw its customer roster spike to include more than 500 businesses, up by more than 350 from just a few months prior.