Voyager Digital Raises $60M in Funding Round Led by Alameda

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Crypto broker Voyager Digital has raised about $60 million in a private placement led by Sam Bankman-Fried-owned Alameda Research.

Other participants in the funding round include Barry Silbert’s Digital Currency Group, Mike Novogratz’s Galaxy Digital, and Blockdaemon. In addition, financial company BTIG has acted as the sole agent and bookrunner.

Voyager Digital has reported it will used funding for corporate-wide purposes.

Completing the placement in full will allow the firm to bring the amount of liquidity at its disposal to more than $225 million. Of this amount, about $50 million will be funds in cryptocurrencies.

The company founder and CEO Stephen Ehrlich has said:

“The additional capital will support the implementation of our strategic plan. Deepening our relationships with key industry leaders will help us achieve our goals of expanding existing programs, as well as entering the Web 3.0 and NFT space.”