NYDIG Announces $1 Billion Funding Round
Summary
"Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible – and useful – to all." The funding comes on the heels of a year of unprecedented growth for NYDIG, as the firm leads the way in expanding access to Bitcoin for millions of people. The launch of NYDIGs bank solutions business, announced in December 2020, generated a string of exciting partnerships with industry leaders Alkami, Allied, CSI, FIS, Fiserv, Jack Henry, and Q2. Delivering technology and financial services to businesses in a broad range of industries, its full-stack bitcoin platform is built to the highest security, regulatory, and operational standards. With over $6 billion of assets under management and committed capital, WestCap has made notable investments in technology businesses such as Airbnb, StubHub, iPreo, Skillz, Addepar, Hopper, iCapital, and Bolt.