Anchorage Digital, a federally chartered crypto bank in the U.S., has raised $350 million in a Series D funding round.
Private equity giant KKR led the round by investing through its Next Generation Technology Growth Fund II. This is KKR’s first direct equity investment in a crypto firm, said Anchorage. In September, KKR took a stake in the flagship fund of crypto VC firm ParaFi Capital.
This round brings San Francisco-based Anchorage’s total funding to date to over $485 million and its valuation to over $3 billion. In February, the firm raised $80 million in Series C funding but did not disclose its valuation at the time.
Read more/Source: The Block
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.