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Blockstream Funding Rounds & Valuation History (2014–2024)

Private Valuation & Funding Round Tracker · Blockstream

Blockstream funding rounds & valuation history

Blockstream, Adam Back’s Bitcoin infrastructure company (Liquid Network, Jade wallets, mining), from its 2014 seed round to the 2024 convertible-note round, sourced to Blockstream’s own announcements and BetaKit.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: US$, nominal
⬇ Download CSV Cite this dataset Methodology & status definitions
Last closed round Closed
$210M
Convertible note financing, 15 Oct 2024 (Blockstream)
Total raised
About $632M
Rows shown plus the $11M convertible note Blockstream cites (GNF calc.)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 5 of 5 rows
Blockstream funding rounds, November 2014 to October 2024
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Closed round
Convertible note financingConvertible notes, not a priced equity round. BetaKit: Bloomberg reported in December 2022 that Blockstream was raising at a lower valuation than in 2021.
$210MC$289M (BetaKit)
Fulgur Ventures
—Not disclosedNo valuation disclosed; Blockstream declined to give an updated valuation to BetaKit
—Not disclosedNo run-rate stated in the announcement
Blockstream, 15 Oct 2024Also: BetaKit, 17 Oct 2024
Closed round
Convertible note and secured loanTo expand Bitcoin mining and hosting. Combines convertible notes and a secured loan; Blockstream’s release (PRWeb) blocks our fetcher, so the amount is cross-checked with BetaKit (2024).
$125M
Not confirmed in a readable source; Fulgur Ventures participated (BetaKit)
—Not disclosedNo valuation disclosed
—Not disclosedNo run-rate stated in the announcement
Blockstream via PRWeb, Jan 2023Also: BetaKit, 17 Oct 2024
Closed round
Series BBlockstream (2021): “In 2016 we raised $57 million in our Series A round, and followed that with a $11 million convertible note” (the note is not shown as a separate row).
$210M
Baillie Gifford, iFinex (Bitfinex)
$3.2BStated by Blockstream (“on a valuation of $3.2 billion”); BetaKit, which reports in Canadian dollars (it gives the round as “$266 million CAD ($210 million USD)”), later wrote $4B; not a conflict in US$, so the page uses Blockstream’s US$ figure
—Not disclosedNo run-rate stated in the announcement
Blockstream, 24 Aug 2021
Closed round
Series ABlockstream (2016): “$55 million in Series A funding … bringing total capital raised to $76 million”. Its 2021 Series B announcement gives the Series A as $57 million; the row uses the figure announced at the time.
$55MBlockstream later cited $57M (2021)
Horizons Ventures, AXA Strategic Ventures, Digital Garage
—Not disclosedNo valuation disclosed
—Not disclosedNo run-rate stated in the announcement
Blockstream, 3 Feb 2016Also: BetaKit, 3 Feb 2016, Blockstream, 24 Aug 2021
Closed round
SeedBlockstream: “closed a $21 million seed round … led by Reid Hoffman, Khosla Ventures and Real Ventures”.
$21M
Reid Hoffman, Khosla Ventures, Real VenturesWith: Innovation Endeavors, Max Levchin, Ribbit Capital, Mosaic Ventures and others (nearly 40 investors)
—Not disclosedNo valuation disclosed
—Not disclosedNo run-rate stated in the announcement
Blockstream, 17 Nov 2014Also: BetaKit, 17 Nov 2014
Step-up = valuation ÷ the prior closed valuation (GNF calc.). Talks, tenders and rounds without a stated valuation carry no step-up.

Amount raised in each closed round

Amount raised in each closed round (fewer than two closed rounds have a stated valuation). Talks and tenders are not plotted.

Sources: Blockstream; BetaKit; Blockstream via PRWeb. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. 17 Nov 2014 · Closed

    Seed: $21M, led by Reid Hoffman, Khosla Ventures, Real Ventures.

  2. 3 Feb 2016 · Closed

    Series A: $55M, led by Horizons Ventures, AXA Strategic Ventures, Digital Garage.

  3. 24 Aug 2021 · Closed

    Series B: $210M at $3.2B, led by Baillie Gifford, iFinex (Bitfinex).

  4. Jan 2023 · Closed

    Convertible note and secured loan: $125M.

  5. 15 Oct 2024 · Closed

    Convertible note financing: $210M, led by Fulgur Ventures.

Still private: Blockstream has not filed for an IPO and is not owned by a listed company. Its last disclosed valuation is from the 2021 Series B; the 2023 and 2024 financings were convertible notes and loans with no stated valuation.

Cite this dataset

Free to quote with a link back. Copy this citation:

Blockstream Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/blockstream/

Download the data

The same 5 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
blockstream-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/blockstream-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

The post-2016 $11M convertible note as a separate row (no date or terms disclosed), Blockstream’s bitcoin treasury holdings, and secondary-market or aggregator valuation estimates.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (batch 3, not yet published).

Sources

  1. Blockstream: Blockstream Secures $210M Led by Fulgur Ventures to Drive Layer-2 Growth and Expand Bitcoin Treasury, 15 Oct 2024
  2. BetaKit: Bitcoin infrastructure unicorn Blockstream raises $289 million CAD…, 17 Oct 2024
  3. Blockstream (PRWeb): Blockstream Raises USD $125M to Expand Mining Operations, Jan 2023
  4. Blockstream: Blockstream Secures $210M Series B Financing, 24 Aug 2021
  5. Blockstream: Blockstream Announces $55 Million Series A Investment Bringing Total Capital Raised to $76 Million, 3 Feb 2016
  6. BetaKit: Montreal-based Blockstream raises $55 million Series A, Feb 2016
  7. Blockstream: Blockstream closes $21M seed round, 17 Nov 2014
  8. BetaKit: Blockstream raises $21 Million from 40 investors, including Reid Hoffman, Real Ventures, Khosla Ventures, 17 Nov 2014