Winklevoss Brothers Join $50M Investment Round in BlockFi

Winklevoss Brothers Join $50M Investment Round in BlockFi

By Abhimanyu Krishnan | News | 21 Aug 2020

The Winklevoss twins’ investment firm, Winklevoss Capital, participated in a Series C funding round for BlockFi that saw the latter raise $50 million, according to an announcement made on August 20. 

  • Funding was led by Anthony Pompliano’s Morgan Creek Digital; Pompliano will join BlockFi’s board of directors
  • Other investors include Valar Ventures, CMT Digital, Castle Island Ventures and HashKey
  • Funds will be allocated towards team growth and the expansion of business lines
  • BlockFi’s assets have increased from $200 million at the end of last year to $1.5 billion today, according to co-founder Zac Prince
  • BlockFi has raised $160 million since 2017 

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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