April 29 - 12:04
Paxos joins unicorn club after $2.4 billion valuation
PayPal cryptocurrency partner Paxos has become a tech unicorn after a large funding round that valued the company at $2.4 billion. The $300 million Series D was led by Oak. Previous investors Declaration Partners, PayPal Ventures, Mithril Capital and others were also involved. Paxos builds white-label infrastructure services for clients that want to offer cryptocurrency products.
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