Eldrige leads Digital Currency Group's maiden $600 million debt funding round
Davidson Kempner Capital Management, Francisco Partners, and Capital Group were among the investors in Digital Currency Group's debut into the debt capital markets. On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge.The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, "enhances DCG's strategic, operational, and financial capabilities" by lowering its cost of....
Related News
Gem, a blockchain platform provider, has announced that it has closed a Series A funding round in which it has secured $7.1 million USD in venture capital funding. This funding round, led by Pelion Venture Partners, places Gem in an early lead for 2016 blockchain investment. Several firms participated in this funding round, including KEC Ventures, Blockchain Capital, Digital Currency Group and RRE Ventures. Ben Dahl, a partner at Pelion Venture Partners who led the funding round and has also joined Gem’s Board of Directors told press, “We have been monitoring the blockchain industry....
Digital Asset Holdings (DAH), the New York firm developing blockchain solutions for the financial services industry has announced two new investors joining its funding round. IBM and Goldman Sachs join 13 other investors with the funding round now scaling beyond $60 million. Digital Asset has announced that Goldman Sachs and IBM are now among the investors in its funding round, with the financing now going beyond $60 million. The newest investors come after in the days following a the announcement recent blockchain trial with its lead investor – JPMogran Chase. Prior to its new investors,....
Indian bitcoin exchange Unocoin has raised $1.5 million in a Pre Series-A funding round, the highest amount raised for any digital currency venture in the country. Unocoin, an Indian bitcoin startup that offers a trading platform for Indian customers to buy, sell and store bitcoins has raised a record $1.5 million in a round of funding, the company announced on Thursday. Founded in December 2013, Unocoin is headquartered in Bangalore, a city that is commonly deemed the “Silicon Valley of India.” Over the past near-three years, the company has grown to house 30 employees while clocking over....
Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG). The exchange, which has a stronghold in countries like Argentina and Brazil, will use these new funds to further expand to new countries in the area and consolidate its spot as one of the pioneering companies in the crypto exchange business.
Ripio Gets $50 Million in Series B Funding Round
Ripio, one of the biggest cryptocurrency exchanges in Latam, has raised $50 million in its series B funding round, aiming to keep growing in....
Digital BTC, an Australian Bitcoin company that is publicly traded on the Australian Securities Exchange (ASX) as Digital CC Limited has secured a $3.5 million AUD funding round by a group of institutional and individual investors to launch a remittance-focused product, AirPocket. CEO and founder Zhenya Tsvetnenko specifically explained that the funds from the "investment will be used accelerate the rollout and commercialization of AirPocket in Latin America and Caribbean." The company was originally seeking for a $3 million AUD funding round, until the demand from local investors rose and....