Report: Matrixport, a crypto financial services firm, seeks $100 million in funding

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According to sources familiar with the matter, Matrixport Technologies, a crypto firm, is seeking $100 million in funding. Sources claimed that Matrixport Technologies has already secured commitments from investors in the amount of $50 million. This would give Matrixport an estimated post-valuation value of $1.5 billion.
Strategic Investors Help Matrixport Raise $100 Million
Bloomberg first reported that Matrixport, a digital asset firm and crypto lender, is seeking $100 million from strategic investors. Jihan Wu, a billionaire and former Bitmain CEO, founded the Singapore outfit. The operations of the financial services company include crypto earn programs, lending products and Ethereum 2.0 staking.
Bloomberg sources claim that Matrixport has already received “commitments of lead investors for $50 millions.” The report also notes that Tiger Global, Dragonfly and others are Matrixport’s committed backers. Matrixport could be worth $1.5 billion if it raises $50 million capital.
Matrixport confirmed that the company was engaging investors and shared Bloomberg’s report on Twitter. Matrixport tweeted, “We’re excited” and said, “We look forward to engaging participants on similar terms in the second half of the funding round.” “We appreciate the trust and confidence that our investors continue have in Team Matrixport.”

In August 2021, the company raised $100 million through a Series C round of fundraising. It became a unicorn company worth $1 billion at that time. K3 Ventures, C Ventures and DST Global led the round. Ross Gan, Matrixport’s public affairs lead, stated that Matrixport “regularly engages with key stakeholder as part of its usual course of business.”
What do you think Matrixport’s request for $100 million in new financing is? Comment below to let us know your thoughts on this topic.