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Crypto Company Anchorage Raises $350 Million At $3 Billion Valuation

Crypto Company Anchorage Raises $350 Million At $3 Billion Valuation

12/15/21, 10:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svganchorage
Money raised
$350 million
Less than a year after raising an $80 million Series C round, Anchorage is announcing that it has raised a $350 million Series D round. With today’s funding round, the company has reached a valuation of more than $3 billion.

Company Info

Company
Anchorage
Location
anchorage, kentucky, united states
Additional Info
With today’s funding round, the company has reached a valuation of more than $3 billion. With today’s funding round, the company plans to improve its product, especially for global financial firms and other fintech companies. That’s because Anchorage received a federal banking charter, turning it into a digital asset bank. With its federal banking charter, Anchorage has a good barrier to entry in case other companies want to compete in the same space.