As the cryptocurrency universe grows, entrepreneurs see an opportunity to provide fintech infrastructure akin to payments giants like Stripe and Paypal.
Cryptocurrency and blockchain companies have amassed $26.7 billion in global VC funding across 1,475 deals this year, more than quadruple last year’s haul.
The Series A was the first round of institutional capital for Miami-based Moonpay, a profitable company with clients including NFT marketplace OpenSea and Bitcoin.com, a platform for buying and holding digital currencies.
Tiger Global’s stable of crypto unicorns has grown to nearly a dozen, including FTX, TaxBit and BlockFi.
Related read: A16z shows off deep crypto pockets
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