Ivan Soto-Wright, CEO and co-founder of MoonPay. Photo by Bloomberg
Exclusive
Crypto Venture Capital Startups

Crypto Startup MoonPay Valued at $3.4 Billion in First VC Funding

Photo: Ivan Soto-Wright, CEO and co-founder of MoonPay. Photo by Bloomberg

Crypto payments startup MoonPay is raising its first round of venture capital at a $3.4 billion valuation including the investment, according to two people familiar with the matter. Tiger Global Management and Coatue Management are co-leading the $400 million financing for the bootstrapped startup.

MoonPay’s software allows people to use credit cards to buy cryptocurrencies or other digital assets from marketplaces such as OpenSea and Bitcoin.com. The startup’s staggering valuation, unusual for an initial VC deal, reflects the three-year-old company’s fast growth as it leverages growing consumer interest in cryptocurrencies.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Weekend
Can Livestream Shopping Cure the Holiday Gifting Blues?
Images of live-shopping app NTWRK. Illustration by Mike Sullivan. Photo courtesy of NTWRK.
Hi, welcome to the Weekend.It might seem against the holiday spirit to say so, but does anyone really love gift-shopping these days? Even pre-pandemic, it was a stress-inducing affair, loaded with decision fatigue, toy-of-the-year FOMO and ghosts of bad presents past.Into this consumerist minefield has stumbled a strange new entrant: livestream shopping. In this week’s issue, writer Janet...
Latest Briefs
 
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Clockwise from left: Victoria Beasley of Prelude Ventures, Amy Francetic of Buoyant Ventures, Joshua Posamentier of Congruent Ventures, Ben Kortlang of G2VP and Carmichael Roberts of Breakthrough Energy Ventures.
Venture Capital Startups
Five Climate Tech Investors to Watch
These are busy times for the venture capital investors backing startups tackling a range of tough-to-crack climate problems, from global warming to a shortage of clean water.
Gift Hunting E-commerce
The Information’s Top Tech-Adjacent Gifts for 2021
This year, there is no shortage of material—and immaterial—ways to show people you care.
FTC Chair Lina Khan. Photo by Bloomberg.
Exclusive
FTC Privacy Probe of Amazon Ring Puts Khan’s Agenda in the Spotlight
Federal Trade Commission staffers earlier this year recommended filing a lawsuit against Amazon over alleged privacy and data security breaches within Amazon’s Ring home security business, according to two people with knowledge of the investigation.
Dan Morehead, founder and chief executive officer of Pantera Capital, in Beverly Hills, Calif., in October. Photo by Bloomberg
Exclusive Crypto Venture Capital
More Institutional Investors Embrace Crypto VCs as Pantera Capital Raises $600 Million
Pension funds, sovereign wealth funds, endowments and other institutional sources of capital used to shy away from cryptocurrencies over concerns about their use in illicit activity.
Amazon’s Growing Influencer Ambitions; An Instagram Thread Trend
Creator Economy
Amazon’s Growing Influencer Ambitions; An Instagram Thread Trend
Amazon has emerged as a key player in the creator economy, from its gaming live-streaming service Twitch to the Clubhouse competitor it is reportedly working on.
Poshmark's signage at the Nasdaq when the company when public. Photo by Bloomberg.
E-commerce
Poshmark’s Slowdown Casts Doubt on Social Shopping’s Potential
This should be Poshmark’s moment. The online merchant is at the center of a burgeoning social shopping explosion, as a growing number of startups and social media firms promote creators as sellers of either new or used goods.