Pay-Pal Funded BlockFi (Trending Crypto News)

Pay-Pal Funded BlockFi (Trending Crypto News)

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

Venture capitalist and PayPal co-founder Peter Thiel is backing New York-based BlockFi in a new funding round of $30 million.

The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.
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