Anchorage Digital $350m Series D funding sets $3bn valuation
14:49, 15 December 2021
Anchorage Digital raised $350m in Series D funding, led by KKR, which values the digital asset platform at over $3bn, the company announced on its blog.
In addition to KKR, Alameda Research, Andreessen Horowitz, Apollo Credit, Blockchain Capital, Delta Blockchain Fund, Elad Gill, GIC, GoldenTree Asset Management, Goldman Sachs, Innovius Capital, Kraken, Lux Capital, Senator Investment Group, Standard Investments, Thoma Bravo and Wellington Management all participated in the most current funding round.
“We will benefit greatly from the strategic partnership and global reach of KKR as our lead investor,” said Anchorage Digital co-founders Diogo Mónica and Nathan McCauley in a blog posted on Wednesday. “When we first started Anchorage, we solved for custody with the most secure and safest platform for institutions on the market.”
San Francisco-based Anchorage Digital plans to use the proceeds to bolster infrastructure and hire staff across all business lines, the company stated. The investment is the first from KKR’s new Next Generation Technology Growth Fund II in the digital asset space.
“As a pioneer in enabling institutional investors to access digital assets, Anchorage has built a best in class, institutional-grade digital asset platform that combines the best practices of both modern security and usability,” said KKR Technology Growth Equity Team Senior Leader Ben Peterson in a statement. The Series D funding follows the $80m Series C funding Anchorage Digital secured in February, led by GIC, Singapore’s sovereign investment fund.
In January, the Office of the Comptroller of the Currency (OCC) granted Anchorage Digital a charter allowing it to convert its chartered trust unit into a bank, named Anchorage Digital Bank.