Digital Currency Group is a United States based crypto investment and conglomerate firm that reached a $10 billion valuation after raising more than $700 million in funding. Headquartered in Stamford, Connecticut, United States, DCG builds, acquires, and invests in blockchain and digital currency companies across the global crypto ecosystem.
The company operates a portfolio of leading crypto businesses and investment funds supporting institutional and retail adoption.
Keep reading to learn how Digital Currency Group built one of the most influential crypto portfolios globally.
What Is Digital Currency Group and What Does It Do?
Founded in 2015, Digital Currency Group is a venture capital firm and holding company focused on blockchain technology and digital assets. DCG invests in, acquires, and operates companies across cryptocurrency exchanges, asset management, mining, media, and blockchain infrastructure.
Its portfolio includes well known crypto businesses such as Grayscale, CoinDesk, Genesis, Foundry, and Luno, along with investments in hundreds of blockchain startups worldwide.
How Much Funding Has Digital Currency Group Raised?
1. Seed Round
- Amount Raised: $66 million
- Date: October 2015
- Lead Investors: Bain Capital Ventures
- Other Investors: Mastercard, New York Life Ventures, FirstMark Capital
- Purpose: Build DCG’s core investment platform, expand crypto portfolio acquisitions, and scale early operations
2. Series A Round
- Amount Raised: $75 million
- Date: December 2018
- Lead Investor: Polychain Capital
- Other Investors: Greyscale Investments, CoinFund, Bain Capital Ventures
- Purpose: Expand global crypto investments, strengthen balance sheet, and scale portfolio companies
3. Series B Round
- Amount Raised: $700 million
- Date: November 2021
- Valuation: $10 billion
- Lead Investor: SoftBank Vision Fund
- Other Investors: Alphabet Capital, Ribbit Capital, Greyscale, OMERS Ventures
- Purpose: Expand digital asset management, strengthen subsidiaries, pursue acquisitions, and scale institutional crypto services
Total Funding Raised: More than $840 million
Latest Funding Date: November 2021
Latest Known Valuation: $10 billion
Key Investors
- SoftBank Vision Fund
- Details: Global technology focused investment fund
- Focus Areas: High growth technology, fintech, AI, digital platforms
- Alphabet Capital
- Details: Investment arm of Alphabet supporting transformative technology companies
- Focus Areas: Internet infrastructure, financial technology, blockchain
- OMERS Ventures
- Details: Venture capital arm of OMERS pension fund
- Focus Areas: Fintech, enterprise software, digital platforms
- Polychain Capital
- Details: Crypto native investment firm focused on blockchain assets
- Focus Areas: Digital assets, Web3 protocols, crypto networks
- Bain Capital Ventures
- Details: Global venture capital firm
- Focus Areas: Financial services, enterprise software, technology platforms
Where Is Digital Currency Group’s Headquarters?
Digital Currency Group is headquartered in Stamford, Connecticut, United States, supporting its investment operations, portfolio management, and strategic initiatives across global crypto markets.
What’s Next for Digital Currency Group?
Digital Currency Group continues to restructure and strengthen its portfolio while focusing on long term growth in digital asset management, crypto infrastructure, and institutional blockchain adoption. The company is prioritizing balance sheet stability, strategic investments, and expanding services for enterprise and institutional crypto participants.
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