USA – Gemini, a NYC-based cryptocurrency platform, raised $400m in first equity funding.
The round, which brought the valuation to $7.1 billion, was led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. Launched in 2015 by Cameron and Tyler Winklevoss, Gemini is a crypto platform to buy, sell, and store crypto. It enables investors to earn, spend, and learn about crypto, as well as create and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform.The funding follows a year of growth and product innovation for the company. In 2021 Gemini:Gemini also increased its geographic footprint in 2021, entering the UK as one of the few registered crypto asset firms as well as obtaining its EMI license from the Financial Conduct Authority. It also filed its license with the Monetary Authority of Singapore to expand further into the Asia Pacific region. Looking ahead, Gemini will continue to expand into new markets around the world. 18/11/2021
