If successful, the new funding would value the Singapore-based company at $1.5 billion, an increase from the valuation of over $1 billion achieved during its Series C funding round in August 2021.
Though the deal is yet to be finalized, Matrixport said it had lined up commitments from undisclosed investors for $50 million.
Last year’s fundraise was led by partners of DST Global, C Ventures, and K3 Ventures, with other participants including both new and existing investors, such as Tiger Capital, Lightspeed, Polychain, and Dragonfly Capital.
(by Andrew Asmakov)
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