MARKET

FTX announces completion of Series B-1 financing, raising a total of $4.2 billion with a valuation of $25 billion

share
FTX announces completion of Series B-1 financing, raising a total of $4.2 billion with a valuation of $25 billion

The cryptocurrency exchange FTX announced today (21) that it has completed its Series B-1 financing, totaling $420,690,000, with the company's valuation increasing from $18 billion to $25 billion.

FTX Investor Comments on This Round

  • Senior Managing Director of Ontario Teachers' Pension Plan TIP: "TIP (Teachers' Innovation Platform) focuses on investing in innovative companies shaping industries with technology, and FTX, as a technological innovator in the financial field, aligns with our goals. We look forward to collaborating with FTX's management team to continue FTX's growth."
  • General Partner at Sequoia Capital Alfred Lin: "As a founder, Sam Bankman-Fried is quite special, with ambition and courage to innovate, thereby building FTX into a global exchange offering the best products and shaping the future of crypto finance. We are excited to work with FTX for the next stage of growth."
  • Co-Founder of ICONIQ Divesh Makan: "FTX is pioneering the modern financial system. We greatly admire Sam and the FTX team's high focus on product and user experience, which is the key to FTX's success and its position as a leading global cryptocurrency exchange. We are excited to collaborate with FTX as they leverage their underlying infrastructure to expand into broader financial services and build a comprehensive exchange."
  • Partner at IVP Tom Loverro: "The founders of FTX are truly remarkable, possessing a rare combination of vision, impeccable execution, and explosive market growth. They also take compliance and regulation seriously. In the long run, only trusted and regulated exchanges will prevail. Ambition, creativity, speed, and rigor make FTX truly unique. We are excited to work with Sam and the entire FTX team."
  • General Partner at Lightspeed Venture Partners Amy Wu: "Lightspeed is thrilled to participate in FTX's Series B-1 financing. Sam Bankman-Fried and the team are innovators in crypto products, and in addition to innovative thinking, FTX also collaborates closely with regulatory authorities in over 150 jurisdictions. We believe FTX will continue to be a leader in cross-financial services."