Anchorage Digital draws $3 billion-plus valuation in KKR-led funding round

Dollar General Corp

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Consumer Discretionary : Multiline Retail | Large Cap Blend

Company profile

Dollar General Corporation is a discount retailer. The Company offers merchandise, including consumable items, seasonal items, home products and apparel. Its merchandise includes brands from manufacturers, as well as its own private brand selections with prices at discounts to brands. Its consumables category includes paper and cleaning products, packaged food, perishables, snacks, health and beauty, pet, and tobacco products. Its seasonal products include holiday items, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Its home products include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Its apparel products include casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories.

Anchorage Digital draws $3 billion-plus valuation in KKR-led funding round

8:04 am ET December 15, 2021 (MarketWatch) Print

Anchorage Digital said Wednesday KKR & Co. (KKR) led a $350 million Series D funding round that values the crypto currency banking company at more than $3 billion. The deal comes 11 months after the company said Anchorage Digital Bank would become a federally chartered bank with fiduciary powers and a qualified custodian for crypto currency assets. Additional investors in Anchorage Digital include Goldman Sachs (GS); Alameda Research; Andreessen Horowitz and Apollo credit funds (APO); as well as funds and accounts managed by BlackRock (BLK); Blockchain Capital, Delta Blockchain Fund; Elad Gil; GIC, GoldenTree Asset Management; Innovius Capital; Kraken; Lux Capital; PayPal Ventures; Senator Investment Group; Standard Investments; Thoma Bravo; and Wellington Management. Anchorage Digital president and co-founder Diogo Mónica said the company's vision is to "expand regulated institutional access to digital assets."

-Steve Gelsi

(END) Dow Jones Newswires

December 15, 2021 08:04 ET (13:04 GMT)