Blockchain.com has completed a $110 million series E funding round, with a valuation down over 50% from March of last year.

Blockchain.com, a cryptocurrency financial services company, announced on November 15th that it has completed a $110 million E-Series strategic financing round. The funding was led by Kingsway Capital, with participation from Baillie Gifford, Lakestar, LSVP, GV, Access Industries, Moore Capital, Prudence, Freeman Capital, Coinbase Ventures, Pledge Ventures, and others. Manny Stotz, founder and CEO of Kingsway and a long-time cryptocurrency investor and expert, as well as Nicolas Brand, partner at Lakestar, have joined the board of directors of Blockchain.com. According to Bloomberg, citing sources familiar with the matter, the company's valuation has fallen below $7 billion after being valued at $14 billion in March 2022. Kingsway Capital also led another undisclosed financing round for Blockchain.com in October 2022, which ended in the third quarter of last year.