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NYDIG

investment firm

About

NYDIG is a bitcoin company that provides technology and financial services to businesses in a broad range of industries.

Highlights

Total Funding Amount
$1.40B
Funding Rounds
8
Investors
17
Investments
15
Lead Investments
8
Exits
6

Details

Last Funding Type
Corporate Round
Last Funding Money Raised
$100M
Industries
Bitcoin,Blockchain,Cryptocurrency,Financial Services,FinTech
Founded date
Jan 1, 2017
Operating Status
Active
Legal Name
New York Digital Investment Group LLC
Also Known As
New York Digital Investment Group

NYDIG is a technology and financial services firm dedicated to Bitcoin for institutions, private clients, and banks. The firm offers asset management, derivatives, financing, custody, and execution services. NYDIG's platform satisfies the highest regulatory, audit, and governance standards.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
8
$1.40B
NYDIG has raised a total of $1.40B in funding over 2 rounds. Their latest funding was raised on Dec 14, 2021 from a Private Equity（PE） round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 14, 2021 Private Equity（PE） $1B 9 WestCap — Detail
Apr 20, 2021 Corporate Round — 1 First Foundation, Inc — Detail
Apr 8, 2021 Corporate Round $100M 2 — — Detail
Mar 8, 2021 Series Unknown $200M 8 FS Investments
MassMutual
Morgan Stanley
New York Life Insurance
Soros Fund Management
Stone Ridge Asset Management 		— Detail
Dec 10, 2020 Corporate Round $5M 1 MassMutual — Detail
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Funds Raised

Announced Date Fund Name Money Raised
Nov 30, 2021 NYDIG Digital Assets Fund VII $50M
Dec 1, 2020 NYDIG Digital Assets Fund II $100M
Nov 14, 2020 NYDIG Digital Assets Fund I $50M

Investments

Number of Investments
Number of Lead Investments
15
8
NYDIG has made 15 investments. Their most recent investment was on Dec 20, 2022, when Greenidge raised $74M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 20, 2022 Greenidge
Post-IPO Debt $74M Bitcoin Yes
May 4, 2022 Argo Blockchain
Post-IPO Debt £56.30M Blockchain Yes
Apr 14, 2022 Impervious.ai
Seed — Bitcoin —
Apr 12, 2022 Coinpanion
Seed €3.70M Asset Management —
Mar 28, 2022 Iris Energy
Post-IPO Debt $71M Bitcoin Yes
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Investors

Number of Lead Investors
Number of Investors
11
17
NYDIG is funded by 17 investors. WestCap and First Foundation, Inc are the most recent investors.
Investor Name Lead Investor Funding Round
WestCap Yes Private Equity（PE）
First Foundation, Inc Yes Corporate Round
FS Investments Yes Series Unknown
Soros Fund Management Yes Series Unknown
Stone Ridge Asset Management Yes Series Unknown
Affirm — Private Equity（PE）
Bessemer Venture Partners — Private Equity（PE）
FinTech Collective — Private Equity（PE）
FIS — Private Equity（PE）
Fiserv — Private Equity（PE）
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Employee Profiles

Number of Employee Profiles
16
NYDIG has 16 current employee profiles, including Employee Mike Alfred
Mike Alfred
Employee
Robert Gutmann
Executive
Ryan Alfred
Executive
Patrick Sells
Executive
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Exits

NYDIG has had 6 exits. NYDIG most notable exits include Iris Energy ,   Bottlepay

Date Company Name Exit Type Industry
Nov 17, 2021 Iris Energy IPO Bitcoin Detail
Oct 29, 2021 Bottlepay M&A Apps Detail
Oct 20, 2021 ErisX M&A Blockchain Detail
Sep 23, 2021 Argo Blockchain IPO Blockchain Detail
Sep 17, 2021 Greenidge IPO Bitcoin Detail
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Acquisition

NYDIG has acquired 3 organizations. Their most recent acquisition was Digital Assets Data on Jan 11, 2021. They acquired Digital Assets Data for 0.

Date Company Name
Industry Acquisition Type Price
Jan 11, 2021 Digital Assets Data
Business Intelligence acquisition — Detail
Apr 22, 2021 Arctos Capital
acquisition — Detail
Oct 29, 2021 Bottlepay
Apps acquisition $ 300M Detail
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