Cryptocurrency platform Bakkt, which deals mainly with Deliverable Bitcoin futures, announced it completed the Series B Financing with raising $300 million.
‘Bakkt Completes $ 300 Million Series B Financing
Investors include Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capitalhttps: //t.co/4abULxemmw,’ Bakkt (@Bakkt) wrote on March 16, 2020
Its investors list includes the parent company of New York stock exchange Intercontinental Exchange (ICE), the venture department of Microsoft M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital.
As Bakkt CEO Mike Blandina said, with completing the Series B funding round and the recent acquisition of Bridge2 Solutions, Bakkt has a team of 350 employees at its disposal and serves loyalty programs for seven out of 10 leading financial institutions and over 4,500 loyalty programs, including two largest USA airlines.
Bakkt supports its loyalty programs with Bridge2 Solutions, the purchase of which was announced in this February. As they proclaimed then, new integration would accelerate Bakkt Consumer app development, where coffee shop chain Starbucks supposed to one of the first partners.
Mike Blandina confirmed the app is going to be launched this summer. On December 31, 2018, Bakkt completed the Series A funding round, resulted in raising $182.5 million. After that, the platform’s capitalization presumably grew up to $740 million. So, after getting new investments, Bakkt becomes the club member of unicorn companies valued at over $1 billion.