Cryptocurrency Allows Anchorage Digital To Top $ 350 Million Fund Led By KKR

Anchorage Digital, chief financial officer, made a new investment, bringing its value to more than $ 3 billion.

Anchorage Digital said on Wednesday it had raised $ 350 million in Series D funding led by venture capital firm KKR.

According to the announcement, this is the first time that KKR has invested directly in a cryptocurrency company. The company is invested by Next Generation Technology Growth Fund II (Next Generation Technology Growth Fund II), which is dedicated to the growth of investments in the technology sector.

“As a pioneer in providing businesses with access to digital assets, Anchorage has developed the first college-level wealth platform that integrates modern security and best practices,” said Ben Pederson, Senior Director, Technology Growth Equity Team , KKR. ..

The new venture is attracting more investors from the financial services and crypto industry, including Goldman Sachs Investment Bank and Sam Bankman-Fried's crypto firm Alameda Research. Other investors include venture capitalists Andreessen Horowitz, BlackRock, Blockchain Capital, Delta Blockchain Fund, PayPal, and Kraken.

The new funding will help Anchorage Digital grow its real estate and equipment businesses and continue to grow its workforce, which will grow the business by 175% by 2021.

Diogo Monica, Co-Founder and Chairman of Anchorage Digital, said, “These funds allow Anchorage Digital to serve the needs of an organization that has never been in large corporations. is growing rapidly.

In January 2021, Anchorage became the first cryptocurrency company to be approved by the United States Banking Regulatory Authority (OCC). Since then, the company has raised $ 80 million in Series C funding led by Singaporean venture capital firm GIC.