# BlockFi funding: rounds and investors > BlockFi has raised $476M across 5 rounds since 2018. Investors include PJC, CMT Digital and Galaxy Digital. Every round with its source. Source: https://millionrounds.com/company/blockfi (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *BlockFi* 5 rounds we have observed, with the 25 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Fintech Web3 & Crypto Valuation: $3.0B, Mar 2026 Funding summary Updated 26 Oct 2026 **$476M** raised across 5 rounds since 2018, from 5 sources **$1.6M** Seed **$53M** Round **$4.0M** Debt **$18M** Series A **$400M** Debt - **Latest round:** Debt, $400M Jun 2022 - **Step-up i:** 21.9× - **Investors:** 25 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2018 2019 2020 2021 2022 **$1.6M** Seed **$53M** Round **$4.0M** Debt **$18M** Series A **$400M** Debt - **First round:** Seed, $1.6M - **Biggest round:** $400M - **Usual gap between rounds:** 8 months ## The rounds - **Jun 2022** Debt **$400M** *5 new* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Paradigm](https://millionrounds.com/fund/paradigm) Source recorded - **Aug 2019** Series A **$18M** *7 new* *3 returning* [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) Lead [CMT Digital](https://millionrounds.com/fund/cmt-digital) [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) [Morgan Creek Capital Management](https://millionrounds.com/fund/morgan-creek-capital-management) [PJC](https://millionrounds.com/fund/pjc) [Avon Ventures](https://millionrounds.com/fund/avon-ventures) [ConsenSys Ventures](https://millionrounds.com/fund/consensys-ventures) [Susquehanna](https://millionrounds.com/fund/susquehanna) [Akuna Capital](https://millionrounds.com/fund/akuna-capital) Reported by FinSMEs SEC filing: $20M sold, first sale Jul 2019 - **Dec 2018** Debt **$4.0M** *6 new* [CMT Digital](https://millionrounds.com/fund/cmt-digital) [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) [Recruit Strategic Partners](https://millionrounds.com/fund/recruit-strategic-partners) [Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) [Morgan Creek Digital](https://millionrounds.com/fund/morgan-creek-digital) Akuna Capital/ Susquehanna Government Products Reported by FinSMEs SEC filing: $1.8M sold, first sale Nov 2018 - **Jul 2018** Round **$53M** *1 new* *1 returning* [PJC](https://millionrounds.com/fund/pjc) Galaxy Digital Ventures/ ConsenSys Reported by FinSMEs SEC filing: $2.3M sold, first sale Jun 2018 - **Feb 2018** Seed **$1.6M** *6 new* [ConsenSys](https://millionrounds.com/fund/consensys) [Kenetic](https://millionrounds.com/fund/kenetic) [PJC](https://millionrounds.com/fund/pjc) [Purple Arch](https://millionrounds.com/fund/purple-arch) [SoFi](https://millionrounds.com/fund/sofi) Lumenary Reported by FinSMEs SEC filing: $650K sold, first sale Dec 2017 ## Founders and team From the SEC filings it signed: 6 on the team. - **Amit Lee Cheela** Executive Officer i - **David Lee Spack** Executive Officer i - **Flori Lee Marquez** Executive Officer, Director i - **Mahesh Lee Paolini-Subramanya** Executive Officer, Director i - **Rene Lee Van Kesteren** Executive Officer i - **Zachary Lee Prince** Executive Officer, Director i On the board, as filed i *Christopher Lee Ferraro* *Corva Lee Matt* *James Lee Fitzgerald* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2018 **Round** 2018 **Debt** 2018 **Series A** 2019 **Debt** 2022 [PJC](https://millionrounds.com/fund/pjc) [CMT Digital](https://millionrounds.com/fund/cmt-digital) [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) L [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Gaingels](https://millionrounds.com/fund/gaingels) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Coinbase Ventures](https://millionrounds.com/fund/coinbase) [Paradigm](https://millionrounds.com/fund/paradigm) [ConsenSys](https://millionrounds.com/fund/consensys) ## Everyone who backed them [PJC](https://millionrounds.com/fund/pjc) VC firm **3** rounds [CMT Digital](https://millionrounds.com/fund/cmt-digital) VC firm **2** rounds [Galaxy Digital](https://millionrounds.com/fund/galaxy-digital) Private equity **2** rounds [Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) VC firm **1** round, led 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **1** round [Coinbase Ventures](https://millionrounds.com/fund/coinbase) Corporate VC **1** round [Paradigm](https://millionrounds.com/fund/paradigm) VC firm **1** round [ConsenSys](https://millionrounds.com/fund/consensys) VC firm **1** round [Winklevoss Capital](https://millionrounds.com/fund/winklevoss-capital) Family office **1** round [Kenetic](https://millionrounds.com/fund/kenetic) VC firm **1** round [Recruit Strategic Partners](https://millionrounds.com/fund/recruit-strategic-partners) Investment firm **1** round [Morgan Creek Capital Management](https://millionrounds.com/fund/morgan-creek-capital-management) VC firm **1** round [Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) Corporate VC **1** round [Morgan Creek Digital](https://millionrounds.com/fund/morgan-creek-digital) VC firm **1** round [Purple Arch](https://millionrounds.com/fund/purple-arch) VC firm **1** round [Avon Ventures](https://millionrounds.com/fund/avon-ventures) VC firm **1** round [SoFi](https://millionrounds.com/fund/sofi) Corporate VC **1** round [ConsenSys Ventures](https://millionrounds.com/fund/consensys-ventures) VC firm **1** round [Susquehanna](https://millionrounds.com/fund/susquehanna) Investment firm **1** round [Akuna Capital](https://millionrounds.com/fund/akuna-capital) VC firm **1** round Akuna Capital/ Susquehanna Government Products no record of our own yet **1** round Galaxy Digital Ventures/ ConsenSys no record of our own yet **1** round Lumenary no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=blockfi). ## Also claim to have backed them These 4 firms list BlockFi as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Formic Ventures](https://millionrounds.com/fund/formic-ventures) VC firm Per its own site [Locus Ventures](https://millionrounds.com/fund/locus-ventures) VC firm Per its own site [Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site [Global Alternative Investment Management](https://millionrounds.com/fund/global-alternative-investment-management) VC firm Per its own site ## Quick answers about BlockFi ### Who invested in BlockFi? BlockFi's investors include PJC, CMT Digital, Galaxy Digital, Valar Ventures and Alumni Ventures, and 20 more on record. ### How much has BlockFi raised? BlockFi has raised $476M across 5 rounds since 2018. ### When did BlockFi last raise? BlockFi's most recent round was a Debt of $400M in Jun 2022. ### What was BlockFi's biggest round? Its most recent round, $400M in Jun 2022, is also its largest on record. ### Who backed BlockFi first? BlockFi's first round on record, in Feb 2018, was backed by ConsenSys, Kenetic and PJC and 3 others. ### What stage is BlockFi at? BlockFi's latest named round is a Debt, in Jun 2022. ### Where is BlockFi based? BlockFi is based in the United States. ### Who led BlockFi's rounds? Valar Ventures led the Series A in 2019. ## Companies like BlockFi In the same sector, and raised in the last eighteen months. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app