Blockchain’s raising $40 million on Series B funding

London-based startup Blockchain has raised a Series B of $40 million with Lakestar and GV (formerly Google Ventures) with additional participation from Nokota Management and Digital Currency Group.

Existing investors Lightspeed Venture Partners, Mosaic Ventures, Prudence Holdings, Virgin, and Sir Richard Branson (Virgin Group), also participated in the round.

The Series B represents the most substantial investment in the fintech space since Brexit and is the largest Series B raised by any digital currency company to date.

Latham & Watkins represented Blockchain in the funding with a team led by New York FinTech partners Vivian Maese (picture) and Jim Gorton, with New York partner Serrin Turner, Boston partner Evan Smith and Boston associates Peter Prial and Laki Triantafylidis and New York associate Alex Lazar.

Involved fees earner: Vivian Maese – Latham & Watkins; James Gorton – Latham & Watkins; Peter Prial – Latham & Watkins; Serrin Turner – Latham & Watkins; Evan Smith – Latham & Watkins; Laki Triantafylidis – Latham & Watkins; Alexander Lazar – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Blockchain;

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Author: Ambrogio Visconti