# Bakkt Marketplace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bakkt-marketplace

- Industry: Financial Services
- Headquarters: Alpharetta, US
- Website: www.bakkt.com
- Total disclosed funding: $483M
- Latest round: Series B (Mar 16, 2020)
- Investors on record: 13

## About

Based in Georgia, US, and founded in 2018 by co-founders Adam White, Kelly L. Loeffler, Mike Blandina, and its CEO Gavin Michael, Bakkt Marketplace, LLC provides is a fintech company that enables enterprises to buy, sell, store, and spend digital assets. In January 2021, VPC Impact Acquisition Holdings, a special purpose acquisition company alongside Intercontinental Exchange, Inc. agreed to acquire Bakkt Marketplace, LLC. The transaction was valued at USD 325 million. In October 2021, the company was listed on the New York Stock Exchange under the ticker symbol BKKT and raised USD 448 million.

Bakkt Marketplace, LLC is a digital asset trading platform that allows investors, merchants, and consumers to manage and purchase rewards, gift cards, and make payments.

Bakkt Marketplace, LLC will use the IPO funding to finance investments in the company’s platform capabilities and marketing efforts and accelerate current and future partnerships.

## Funding rounds

- Series B, Mar 16, 2020, $300M — Boston Consulting Group, Intercontinental Exchange, Inc., M12, Pantera Capital, SGH Capital, PayU GPO, Monty Asset Management, CMT Digital, Goldfinch Partners
- Series A, Dec 31, 2018, $183M — Intercontinental Exchange, Inc., Horizons Ventures, M12, Pantera Capital, PayU GPO, Galaxy Asset Management, Boston Consulting Group, CMT Digital, Eagle Seven, Goldfinch Partners, Protocol Ventures

## Investors

- Intercontinental Exchange, Inc. — Series A, Series B
- Horizons Ventures — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A, Series B
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A, Series B
- PayU GPO — Series A, Series B
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- Boston Consulting Group — Series A, Series B
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A, Series B
- Eagle Seven — Series A
- Goldfinch Partners (https://capitalatlas.ai/funds/goldfinch-partners) — Series A, Series B
- Protocol Ventures — Series A
- SGH Capital (https://capitalatlas.ai/funds/sgh-capital) — Series B
- Monty Asset Management (https://capitalatlas.ai/funds/monty-asset-management) — Series B