Crypto Lender Raises $30M In Valar Ventures-Led Round

Law360 (February 13, 2020, 3:37 PM EST) -- Cryptocurrency lender BlockFi announced Thursday it will use the $30 million raised from a Series B round led by the Peter Thiel-backed Valar Ventures to expand its suite of crypto-investment products.

BlockFi Lending LLC said it will use the funding to develop a mobile app as well as other products geared toward making crypto-investing more accessible to a mainstream audience. The company also plans to hire more staff, BlockFi said.

According to its website, BlockFi offers financial products to crypto-investors, including crypto-backed loans and crypto interest accounts.

“We’ve demonstrated that we can build financial products around cryptocurrency that can look and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!