How Much Did Fireblocks Raise? Headquarters, Funding & Key Investors

Fireblocks has raised approximately $16 million, $30 million, $133 million, $310 million, and $550 million across its Series A through Series E rounds, accumulating around $1.04 billion in total funding. As of January 2022, it has achieved a valuation of $8 billion. Since launching in 2018, Fireblocks has built a secure institutional platform for digital asset custody, payments, tokenization, and wallet-as-a-service. The funds are being channelled into scaling its API infrastructure, supporting treasury operations, and broadening institutional adoption of crypto.

How Much Did Fireblocks Raise? Funding & Key Investors

Fireblocks, founded in 2018 in New York by Idan Ofrat, Michael Shaulov, and Pavel Berengoltz, is a blockchain infrastructure company providing secure platforms for custody, transfer, issuance, and management of digital assets. Its APIs support wallet-as-a-service, tokenization, treasury operations, and DeFi access while ensuring enterprise-grade security and compliance. The company has raised $1.04B across multiple rounds, backed by investors like Sequoia Capital and Coatue, achieving an $8B valuation. Fireblocks plans global expansion, enhanced DeFi support, and continued innovation in digital-asset infrastructure.

What Is Fireblocks and What Does It Do?

Fireblocks, founded in 2018 by Idan Ofrat, Michael Shaulov, and Pavel Berengoltz, is a New York-based (United States) blockchain infrastructure company.

With a team of between 201-500 employees as of July 2024, Fireblocks provides a secure platform for financial institutions, fintechs, and hedge funds to custody, transfer, issu,e and manage digital assets.

The platform offers APIs for wallet-as-a-service, token minting and burning, treasury operations, DeFi access and wallet-to-wallet transfers, leveraging advanced cryptography and multi-party computation to meet enterprise governance, security, and compliance requirements.

How Much Funding Has Fireblocks Raised?

1. Series A

Amount Raised: $16 M
Date: June 2019
Lead Investors: Cyberstarts, Eight Roads Ventures, MState (-Not Making New Investments), Tenaya Capital
Motivation: To develop and launch their secure digital-asset infrastructure.

2. Series B

Amount Raised: $30 M
Date: November 2020
Lead Investors: Paradigm
Motivation: To expand their market reach and enhance security features.

3. Series C

Amount Raised: $133 M
Date: March 2021
Lead Investors: Coatue, Ribbit Capital, Stripes
Motivation: To scale operations and support the growing demand for digital-asset services.

4. Series D

Amount Raised: $310 M
Date: July 2021
Lead Investors: Coatue, DRW Venture Capital, SCB 10X, Sequoia Capital, Spark Capital, Stripes
Motivation: To accelerate product development and expand into new markets.

5. Series E

Amount Raised: $550 M
Date: December 2021
Lead Investors: D1 Capital Partners, Spark Capital
Motivation: To enhance technological capabilities and support large-scale institutional adoption

Total Funding Raised: $1.04 Billion

Current Valuation: $8 Billion (as of Jan 2022)

Latest Funding Date: June 2024

Key Investors

1. Sequoia Capital

Details: Leading venture capital firm with a strong global portfolio of technology companies.
Investment Focus Areas: Technology, enterprise software, fintech, internet services.
Notable Investments: Apple, Google, WhatsApp, and Fireblocks.

2. Coatue

Details: Global investment firm focused on technology, media, and telecommunications.
Investment Focus Areas: Consumer internet, software, fintech, and hardware infrastructure
Notable Investments: DoorDash, Snap, ByteDance, and Fireblocks.

3. Paradigm

Details: Venture firm specializing in cryptocurrency and blockchain infrastructure.
Investment Focus Areas: Cryptocurrency protocols, blockchain companies, digital assets.
Notable Investments: Coinbase, Uniswap, FTX, and Fireblocks.

4. Ribbit Capital

Details: VC firm targeting financial technology and crypto-native infrastructure.
Investment Focus Areas: Fintech platforms, blockchain infrastructure, digital finance.
Notable Investments: Robinhood, Coinbase, Revolut, and Fireblocks.

Where Is Fireblocks’s Headquarters?

Fireblocks is headquartered in New York, United States. Being situated in one of the world’s major financial hubs gives the company strategic access to institutional clients, fintech ecosystems, regulatory expertise, and talent in financial services and blockchain innovation.

What’s Next for Fireblocks?

Fireblocks is now positioned to deepen its push into institutional custody and wallet-as-a-service, expand its support for DeFi protocols and tokenization use cases, and scale globally.

The company faces competition from other crypto-infrastructure providers and regulatory uncertainties in digital assets, so maintaining security and trust will be key. With over 800 institutional clients and more than $2 trillion in assets transferred by 2021, Fireblocks plans to enhance self-service tooling for enterprises, accelerate global expansion, and continue innovating in the custody, payments, and tokenization sectors.

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