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Blockfolio raises $11.5 million with exchanges BitMEX and Huobi as investors

12 Oct, 2018
by Jelmer van der Dussen
News
Blockfolio raises $11.5 million with exchanges BitMEX and Huobi as investors

Blockfolio has announced their $11.5 million Series A financing round, led by Pantera Capital. Among the investors are venture capitalist firms and exchanges.

Two of the largest exchanges in the world BitMEX and Huobi are part of the Series A financing round. Other investors are Danhua VC, DCM Ventures, Pathfinder, Abstract Ventures, Refactor Capital, Mayfield Fund, Chapter One Ventures, NKB Group, GBIC, Block72 and Nirvana Capital.

Blockfolio is a cryptocurrency portfolio tracker app with price information. The company started in 2014 and recently expanded its app with the feature Blockfolio Signal, that allows projects to release their statements directly to the users.

With the funding of $11.5 million, Blockfolio wants to 'leverage our unparalleled reach to continue innovating as a global leader in the space.' Blockfolio aims to help the crypto space move 'from an era of speculation to an era of participation' and states that they have 'a number of upcoming innovations in our roadmap that we’re excited about as they will help accelerate this evolution.'

Blockfolio also announced the signing of Paul Veradittakit of Pantera Capital. He joins the board of directors at Blockfolio.

Read more: Cryptocurrency tracking app Blockfolio releases 2.0 version

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