NEW YORK, Nov. 18, 2021 /PRNewswire/ -- Gemini, a cryptocurrency platform, announced today a $400 million growth equity round, its first-ever outside financing, led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. This round values the company at $7.1 billion. Launched in 2015 by Cameron and Tyler Winklevoss, Gemini has grown to become one of the leading crypto platforms in the world. In addition to buying, selling, and storing crypto, Gemini helps investors earn, spend, and learn about crypto, as well as create and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform.
Gemini's security-first, regulated platform has made it the trusted platform for both individuals and institutions. Investors seeking to diversify their portfolios have turned to Gemini as their preferred platform to navigate the frontier of crypto. With this round of financing, Gemini will continue to bring simple, innovative, and secure products to market, and advance its geographic expansion.
"We are leading the first outside investment in Gemini because of our shared conviction in crypto and belief in the company that Cameron and Tyler are building," said Sachin Jaitly, General Partner of Morgan Creek Digital. "Their vision for the role of crypto in redesigning money, the financial system, art, and the Internet, and their track record of incubating and scaling...
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