Uphold Raises $100M in Series D
Uphold has successfully raised $100M in a Series D at a $900M valuation led by NYDIG, Arrington XRP Capital.
Company Overview
Uphold is a Crypto company headquartered in New York, NY, founded in 2014 with 200+ employees.
Multi-asset trading platform
Fundraising Details
- Amount Raised: $100M
- Round Type: Series D
- Valuation: $900M
- Date: 2024-01-10
- Investors: NYDIG, Arrington XRP Capital
About Uphold
Multi-asset trading platform The company is positioned in the Crypto sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2014
- Team Size: 200+
- Industry: Crypto
What This Means
This funding round demonstrates strong investor confidence in Uphold's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Crypto sector continues to attract significant investment as companies innovate to meet evolving market demands. Uphold's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $900M valuation marks an important milestone for Uphold, positioning the company among notable players in the Crypto industry.
Looking Ahead
With this new capital, Uphold is well-positioned to execute on its growth strategy and continue building innovative solutions in the Crypto space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-10. For more information about Uphold, visit their headquarters at New York, NY.
