Blockfills Raises Multi-million Dollars Capital in May
Blockfills, a disruptive financial technology firm, recently announced the completion of a multi-million dollar funding round in May. This is the first outside capital the crypto startup has taken as it was running on bootstrapped capital till now.
In addition, the company is also in the process of raising another ‘large sum of outside capital’ in the next couple of months.
As detailed in the official announcement, the new funding round attracted some venture capital heavyweights like Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Holdings, Future Perfect Ventures, Visionary Private Equity Group, and JackDaw Capital.
Nick Hammer, co-founder and CEO at Blockfills, commented: “We have experienced a tremendous amount of growth as a firm and we continue to see strong interest in the sector especially from institutions looking for connectivity, market access and most of all, technology solutions to help them build their digital asset trading businesses efficiently and securely throughout space. We are very excited to have the high-quality strategic partners that have joined us in this initial round to help us execute and expedite our plan.”
Unlike most of the startups, Blockfills is turning profits since 2019, only after a year of its establishment. Moreover, the crypto spot trading volume handled by the firm also spiked by 20x since January 2020.
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