Investment

Deal of the Week: Principal/family offices back digital asset investment group

A New Jersey-based digital asset investment/lending group, which provides non-bank dollar loans as crypto-assets as security and interest-earning crypto accounts, has received further backing from high profile principal investment offices. 

BlockFi was backed by 13 investors committing $50 million in a Series C round. Investors included Winklevoss Capital, the investment group owned by the Winklevoss brothers, Cameron and Tyler. Also backing the round was Valar Ventures, a New York City-based investment group owned by tech investor Peter Thiel. 

The round was also backed by Avon Ventures, which is linked to FMR, the parent company of Fidelity Investments, owned by the Johnson family.  Avon, Valar, and Winklevoss Capital also backed BlockFi in a Series B round in February, and Winklevoss Capital and Valar were backers of the crypto-asset group in a Series A round back in August last year. 

Altogether BlockFi has received nearly $160 million in backing since it was founded in August 2017. 

Winklevoss Capital is probably one of a few principal investment offices that have consistently committed capital to crypto-assets and crypto-infrastructure since the sector arose as an investment opportunity eight years ago. The New York City-based investment group was a big backer of Filecoin, the Bitcoin data storage group, which had an Initial Coin Offering in 2017. 

Subscribe

You will need a Premium Plus Subscription to access this database.

Exclusive news, analysis and research on global family enterprise and private investment offices.

Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises.

Check Deal Data, Senior Staff, and New Analysis on more than 500 family/principal investment and holding groups

Already have an account? Login

Subscribe

You need at least a Premium Subscription to read this article.

The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices.

Premium

£299

per year

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
SUBSCRIBE NOW

Premium+

£399

per year

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

SUBSCRIBE NOW

Already have an account? Login

You've reached the end.

Continue reading free articles by registering as a Member.
Or choose a Premium Plan.

Membership

Free

  • Exclusive reports, analysis and commentary
REGISTER NOW

Premium

£299

per year

  • Exclusive reports, analysis and commentary
  • Exclusive access to family/private investment office deal information
  • Exclusive interviews with principals and senior management of family/investment offices
SUBSCRIBE NOW

Premium+

£399

per year

  • Access to All of Premium
  • Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups

More Info

SUBSCRIBE NOW

Already have an account? Login

Leave a Reply