Paxos, blockchain startup, raises $300 Million in Series D

by Ben Murray in July 30th, 2021
Paxos Series D

Paxos, the first regulated blockchain infrastructure platform, announced it has closed a $300 million Series D round of funding. To date, Paxos has raised more than $500 million in funding and with a valuation of $2.4 billion. 

Oak HC/FT led the series D round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. 

In July 2021, Paxos announced it added strategic investors including Bank of America, Coinbase Ventures, Founders Fund and FTX to its Series D round of funding.

Company: Paxos Trust Company, LLC

Raised: $300.0M

Round: Series D

Funding Month: April 2021

Investor: Oak HC/FT

Additional Investors: Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap, Bank of America, Coinbase Ventures, Founders Fund, FTX, and more

Company Website: https://www.paxos.com/

Software Category: Blockchain

About the Company: Paxos is the first regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is building a new system that allows assets to move instantaneously, anywhere in the world, at any time, in a trustworthy way.

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