Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter.
Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion.The digital asset firm and crypto lender Matrixport is targeting $100 million from strategic investors, according to a story firstby Bloomberg. The Singapore outfit was founded in 2019 by billionaire and former Bitmain CEO Jihan Wu.
Bloomberg’s sources say Matrixport has already gathered “commitments from lead investors for $50 million.” The report notes that Tiger Global and Dragonfly are some of Matrixport’s committed backers. With a $50 million capital raise, Matrixport’s overall valuation could jump to $1.5 billion. Matrixport confirmed the company was engaging with investors and shared Bloomberg’s report on Twitter. “We’re excited and look forward to engaging with participants, on similar terms, in the other half of the funding round,” MatrixportThe company raised $100 million in August 2021 in a Series C fundraising round and it became a unicorn company valued at $1 billion at the time. The round was led by DST Global, C Ventures, and K3 Ventures.
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