BlockFi seeks to raise $50 million in Series C financing

According to The Block, sources said that the crypto asset lending platform BlockFi is seeking to raise US$50 million in Series C financing to continue to develop its fast-growing lending business and expand new products. Lianwen previously reported that in early July, BlockFi said that since the completion of its $30 million Series B financing in February this year, the company’s monthly revenue has doubled, and it plans to reach a revenue target of $50 million next year. According to a recent recruitment announcement by BlockFi, the company is looking for a chief financial officer (CFO), whose responsibilities include managing investor relations, and directing and positioning the finance team’s subsequent investments, acquisitions and IPOs. BlockFi CEO Zac Prince said that the company will be listed in the second half of 2021 at the earliest.