Blockstream

Blockstream in its US$210 million Series B financing round

Client

Blockstream

Value

US$210 million

Service

Emerging and High Growth Companies

Date Closed

August 2021

Industry

Technology

Lead Office

Montréal

 

On August 24, 2021, Blockstream completed the first close of its US$210 million Series B financing round, bringing the company to a US$3.2 billion valuation and achieving unicorn status. The round was led by Ballie Gifford, with participation from iFinex and other undisclosed investors. Blockstream will use the funding to fuel the next stage of its growth including the expansion of its mining operations and facilities, and launch of Bitcoin financial products.

Blockstream is a Victoria-based software firm specializing in building crypto-financial infrastructure based on Bitcoin.

Osler, Hoskin & Harcourt LLP advised Blockstream with a team consisting of Shahir Guindi, Liliana Korosi, Sarah Lazure, Samuel Cantin (Corporate) and Alain Fournier (Taxation).