Owned by Sam Bankman Fried FTX announced that a $400 million Series C funding round has been completed and FTX has reached a valuation of $32 billion.
Important names such as Temasek, , Ontario Teachers’ Pension Plan Board, NEA, IVP, SoftBank Vision Fund 2, Lightspeed Venture Partners, Steadview Capital, Tiger Global and Insight Partners participated in the last financing round led by digital asset investment company Paradigm.
“An Important Milestone!”
Sam Bankman-Fried, founder and CEO of FTX, said that the new funding round is an important turning point for the stock market and continued his words as follows:
“FTX will seek to continue to engage with regulators to facilitate secure and compliant access to digital assets.
We look forward to working with our investors to achieve our mission and continue our tremendous growth in 2022 and beyond.”
Fried also added that the recent financing will help the company continue to launch more products and expand its global presence.
It was stated that all investors who participated in FTX’s C funding round also participated in the Series A funding round for FTX US, the US-based arm of FTX, which took place on January 26.
FTX US raised $400 million in the A funding round that was completed last week.
“This Is Not Crypto Winter!”
The young CEO of FTX also stated that he does not agree with the views of some important names in the market that we are entering the crypto winter:
“I don’t think we’re entering a long-term crypto winter. Only the change in the expectation in interest rates has also mobilized the crypto markets.”