Binance US Has Closed its $200M Seed Round, Now Valued at $4.5B
Binance US is now worth $4.5B
Binance US announced that it had raised $200 million in a seed round. According to a statement released on Wednesday, the company has a pre-money valuation of $4.5 billion.
Binance US is targeting an IPO in two to three years from April 6, CEO Brian Shroder said. This is the first time Binance.US has taken external investor capital and no valuation has been shared publicly before, he added.
“I personally feel that there is value in going through the process of going IPO because it requires a lot of regulatory discussions and those are things we welcome and are excited about,” Shroder said.
RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures are among its investors. Gaingels, an LGBTQIA+/Allies investment syndicate, and Gold House, a non-profit focused on enabling more multicultural representation and societal equity, were also among the investors in the round.
The crypto-based firm was created in 2019 as a separate legal entity from Binance.com, one of the world’s largest cryptocurrency exchanges.
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