Gemini joined the Unicorn Club on November 18, 2021, after raising a $424 million Series A funding round led by Morgan Creek Capital Management, which valued the company at $7 billion. Headquartered in New York City, New York, United States, Gemini is a cryptocurrency exchange platform that enables users to buy, sell, and trade digital assets, including cryptocurrencies and NFTs. The company has raised a total of $424 million to date and employs 551 people (as of December 2022).
Keep reading to learn more about how Gemini has become a key player in the cryptocurrency and digital asset exchange market.
What Is Gemini and What Does It Do?
Founded in 2014, Gemini is a digital asset exchange that enables users to buy, sell, and trade cryptocurrencies and NFTs. Its platform offers advanced trading tools for digital asset transactions and provides access to crypto trading on both iOS and Android devices. Gemini is dedicated to establishing a secure, regulated, and safe environment for digital currency transactions, enabling users to engage in the buying, selling, and storage of assets such as Bitcoin, Ethereum, and NFTs.
By maintaining regulatory compliance and offering a user-friendly interface, Gemini has positioned itself as a trusted platform in the cryptocurrency space.
How Much Funding Has Gemini Raised?
- Series A
- Amount Raised: $424M
- Date: November 18, 2021
- Lead Investor: Morgan Creek Capital Management
- Valuation: $7B
- Purpose: Expand crypto trading offerings, scale platform operations, and enhance security features for users.
Total Funding Raised: $424M
Latest Funding Date: November 18, 2021
Latest Valuation: $7B
Employee Count: 551 (as of December 31, 2022)
Key Investors
- Morgan Creek Capital Management
- Details: A private investment firm focused on managing assets in the venture capital and private equity space, with a particular interest in blockchain technology.
- Focus Areas: Cryptocurrencies, blockchain infrastructure, and fintech.
- ARTFO Holdings
- Details: Investment firm supporting startups and companies in the digital asset and technology sectors.
- Focus Areas: Digital assets, fintech, and blockchain technology.
- Mogo
- Details: A financial technology company offering cryptocurrency trading services as part of its digital finance platform.
- Focus Areas: Crypto, financial technology, and digital wealth management.
Where Is Gemini’s Headquarters?
Gemini is headquartered in New York City, New York, United States. The company operates globally, providing its platform for cryptocurrency exchange and NFT trading. Gemini is committed to maintaining a secure, compliant, and user-friendly environment for trading digital assets.
What’s Next for Gemini?
Gemini is focused on further expanding its offerings in cryptocurrency and NFTs, with plans to scale its platform and enhance security features. The company is also exploring ways to expand its institutional and retail client base while maintaining compliance with regulatory frameworks in various jurisdictions. With its latest funding and a growing user base, Gemini is poised to play a pivotal role in the future of digital asset exchanges.
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