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.
Apr 21, 2021 at 11:01 a.m. UTCUpdated Aug 19, 2021 at 8:55 a.m. UTC
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Baillie Gifford, one of the U.K.’s most prominent asset managers, has invested $100 million in crypto exchange and wallet provider Blockchain.com.
- 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.
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