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UK Asset Manager Baillie Gifford Invests $100M in Blockchain.com
The Edinburgh, Scotland-based company was also an early investor in tech giants Tesla and Google.
Baillie Gifford, one of the U.K.’s most prominent asset managers, has invested $100 million in crypto exchange and wallet provider Blockchain.com.
STORY CONTINUES BELOW
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- A blog by Blockchain.com CEO and co-founder Peter Smith on Tuesday said this is the largest single investment in the startup to date.
- Baillie Gifford is a 110-year old asset management firm headquartered in Edinburgh with $445.3 billion in assets under management (AUM). It was an early investor in such tech giants as Tesla, Google and Amazon.
- This is one of Baillie Gifford’s first such investments in a company in the crypto space, according to Smith.
- It also follows less than a month after Blockchain.com raised $300 million in a Series C funding round led by DST Global, Lightspeed Venture Partners and VY Capital, which valued the company at $5.2 billion.
See also: Blockchain.com Crypto Wallet Outage Affects ‘Large Number’ of Users
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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