Fenwick Represents FTX Trading Ltd. in $900 Million Series B Financing

By: Andrew T. Albertson, David L. Forst, Sean P. McElroy, Kris Hatch, Ryan J. Straus, Igor Voloshin

Fenwick represented FTX Trading Ltd., owner and operator of FTX.COM, a cryptocurrency exchange, in its $900 million Series B financing, valuing the company at $18 billion.

More than 60 investors participated in the round, including Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, the Paul Tudor Jones family, Izzy Englander, Alan Howard, VanEck, Hudson River Trading and Circle.

This new financing round will expand FTX's global presence, accelerate the company's growth, and represents one of the largest raises for a crypto company. More information about the financing can be found in FTX Trading Ltd.’s announcement.

The transaction was led by the Fenwick Blockchain Team.


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