Crypto financial services firm Matrixport aims to raise a hundred million dollars at a valuation of $1.5 billion.
In the turbulent period of the cryptocurrency market, companies trying to survive and continue their development continue to seek funding. Despite the difficult period of the bear market, there was a significant increase in investment rounds. Serial investment rounds provide millions of dollars in funding for strong projects. The bear market, which reflects the price drop, also means the continuation of strong projects. Projects are preparing for the next bull cycle with their support and initiatives. One of these projects, Matrixport, aims to reach a valuation of $ 1.5 billion and raise a fund of $ 100 million.
Matrixport Attracts Attention With Its Strong Steps
Continuing its services in the crypto field, Matrixport last raised $100 million in funds with a valuation of $1.5 billion in August of last year.
Searching for a new valuation initiative and funding, the company also touched on the effects of FTX events. A spokesperson for the company stated that the process started before the FTX collapse. He stated that this fundraising process, which they demanded, coincided with a difficult period.
Also, according to the report, the crypto startup has a $50 million commitment in this round. Apart from this commitment, the company continues to seek funding for the other $50 million portion.
Ross Gan, head of public relations at Matrixport, said, “We are excited and looking forward to working with participants on similar terms in the other half of the funding round. The financing commitments represent confidence in our ability to seize new opportunities with the latest industry developments.” said.
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