BlockFi raises $18.3 million series A led by Thiel backed Valar Ventures

BlockFi, a cryptoasset lender that has became popular with its interest bearing deposit accounts, has raised $14.5 million in a Series A round led by Valar Ventures. Other participants include Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC. According to founder and CEO Zac Prince, BlockFi will use the funds to double its team size to 60 and roll out new products.

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