BlockFills raises $37 million to support global expansion
BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.
Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.
We’re excited to announce the successful close of our Series A #funding round totaling $37 million! See how this funding will support our global expansion and help institutions safely and efficiently engage #digitalasset markets: https://t.co/lfXHHxCaS1. #VC #fundingnews
As per the announcement, the funding round will help Blockfills' worldwide expansion and support technology debuts aimed at enticing global Fortune 500-sized businesses, hedge fund/asset managers, banks, and other institutions into the digital assets sector as well as miner development.
“The successful close of our Series A funding round will help ensure that BlockFills and our technology platforms are industry leading and continue to meet the demand for end-to-end solutions that help institutions safely and efficiently engage digital asset markets,” stated Nick Hammer, co-founder and CEO of BlockFills.
The company began as a bootstrapped business and raised its first external capital last year in May. The majority of the investors from that round retained their interest in the firm by investing again this time around. Over the years, it has seen a 400% yearly growth in top-line revenue, with spot trading volumes growing by more than 20 times on an average monthly basis since January 2020. The firm now has over 600 institutional
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