Bakkt, a start-up with a focus surrounding digital asset services, has landed an impressive $300 million Series B. Backing from big names such as Microsoft’s venture capital arm M12 and Netherlands-headquartered fintech PayU, according to their announcement.
Bakkt launched two years ago with the vision of building trust in and unlocking the value of digital assets for institutions and consumers alike. Since then, Bakkt have been focused on delivering that vision. In 2019 they helped launch the first end-to-end regulated market for bitcoin and an institutional bitcoin custody offering too.
The 16th of march Bakkt announced that they have raised an additional $300 million of capital with participation from investors including Intercontinental Exchange, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, and Pantera Capital.
With the completion of their Series B financing and recent acquisition of Bridge2 Solutions, Bakkt is now a team of 350 employees and powers the loyalty redemption programs for 7 of the top 10 financial institutions and over 4,500 loyalty and incentive programs including two of the largest US airlines.