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Investments

3

About Blockchain.com Ventures

Blockchain.com Ventures is the corporate venture arm of Blockchain.com.

Blockchain.com Ventures Headquarter Location

86-90 Paul Street

London, England, EC2A 4NE,

United Kingdom

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Latest Blockchain.com Ventures News

Blockchain.com CEO: London’s reign as fintech capital is ‘definitely over’

Oct 8, 2021

advertisement Peter Smith, co-founder and CEO of crypto wallet firm Blockchain.com, claimed yesterday that London’s reign as the world’s fintech capital is over thanks to the impact of Brexit. Speaking at the Token2049 conference in London, Smith said that from Blockchain.com’s vantage as a venture capital investor — through its subsidiary Blockchain Ventures — more crypto startups appear to be setting up shop in Europe in the aftermath of Brexit. The key reason for that, according to Smith, is that it is no longer possible for companies to use licences offered by United Kingdom regulators to “passport” their services into other parts of Europe. Blockchain.com itself is opening an office in Germany to get around the issue. The net effect of this, according to Smith, is that London is no longer the fintech hub of the world or indeed Europe. “With the Brexit, that’s definitely over,” he said. The notion of London as a fintech hub first emerged during George Osborne’s tenure as chancellor. He rolled out a series of pro-fintech policies and, in 2015, launched the lobby group Innovate Finance. Some of London’s biggest fintech lenders and neobanks emerged during this period. Fundraising season Blockchain Ventures has invested in some 35 crypto startups, including Blockdaemon, BCB Group and Figure. Its parent company Blockchain.com has raised $420 million across two rounds in 2021 alone, the most recent of which valued the company at $5.2 billion. But Smith said on the panel that the firm has also secured in the region of $2 billion in debt financing. “Which I think makes us one of the most highly financed startups in Europe,” he added.

Blockchain.com Ventures Investments

3 Investments

Blockchain.com Ventures has made 3 investments. Their latest investment was in C3 Protocol as part of their Seed VC on November 11, 2021.

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Blockchain.com Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2021

Seed VC

C3 Protocol

$3.6M

Yes

1

11/8/2021

Series B

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$99M

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10

9/27/2021

Series A

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$99M

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10

Date

11/22/2021

11/8/2021

9/27/2021

Round

Seed VC

Series B

Series A

Company

C3 Protocol

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Amount

$3.6M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

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