Blockchain.com raises $120M funding round to grow institutional business

Popular crypto wallet and data provider Blockchain.com announced on Wednesday that it has raised a $120 million funding round that follows its earlier Series B round for $40 million.

Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others.