Bakkt completes 1st funding round for $182.5M

posted 23 days ago
Bakkt completed their 1st round of funding for $182.5 million. The investors in the round include Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital arm, M12, Pantera Capital, PayU, the fintech arm of Naspers, and Protocol Ventures.

Bakkt said their “ today is centered on driving institutional access for digital assets, along with merchant and consumer uses, and expanding on this vision, collaborating with great companies... [focused on] the work required, both near- and long-term, to evolve the applications for digital assets. Our first step is to establish the trust and infrastructure that builds confidence and grows participation at the institutional and merchant level. This is work that needs to be done, and we are excited to be part of this effort on a global scale as 2019 begins.”
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