Crypto Platform Gemini Raises $400 Million In Growth Equity Funding Valuing It At $7.1 Billion

Gemini, a cryptocurrency platform, announced today a $400 million growth equity round, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. This round values the company at $7.1 billion. Launched in 2015 by Cameron and Tyler Winklevoss, Gemini has grown to become one of the leading crypto platforms in the world. In addition to buying, selling, and storing crypto, Gemini helps investors earn, spend, and learn about crypto, as well as create and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform.