Crypto Portfolio Startup Blockfolio Raises $11.5 Million Series A

via Blockfolio.com
Voyager
Voyager

Blockfolio, the popular cryptocurrency portfolio monitoring app, has raised an $11.5 million Series A financing round led leading cryptocurrency investment group Pantera Capital.

According to the announcement, Blockfolio raised the additional capital to expand its platform ecosystem, which now boasts millions of users and¬†300+ blockchain teams via its new ‘Signal’ functionality.

“Our Series A financing will help us leverage our unparalleled reach to continue innovating as a global leader in the space. Most importantly, this investment empowers us to follow our belief that quality data and information should be easily accessible and that Blockfolio should be fully free to use for all,” states the Blockfolio team in the announcement.

This financing round comes as Blockfolio¬†faces increasing competition from apps like¬†Delta, a leading crypto portfolio app available both for desktop and mobile devices, which recently released Delta Direct,” a new feature similar to ‘Signal’ that allows cryptocurrency projects directly communicate with Delta’s more than 1 million users.

Blockfolio has now raised nearly $15 million in total funding and welcomed a number of new major investors in the latest round, including Bitmex and Huobi.

More: Announcing Blockfolio’s $11.5M Series A Financing Round

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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