Zerohash Seeks $250M at $1.5B+ Valuation After Mastercard Talks End
Crypto infrastructure firm Zerohash is seeking to raise roughly $250 million at a valuation above $1.5 billion after walking away from acquisition talks with Mastercard that reportedly valued it near $2 billion. The raise would be a sharp step up from its last disclosed round, a $35 million Series C in October 2021.
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The Raise
Zerohash, the Chicago-based digital asset infrastructure company, is seeking about $250 million in new funding at a valuation above $1.5 billion, according to reports from CoinDesk and Crypto Briefing. Crypto Briefing puts the valuation range at roughly $1.5 billion to $1.6 billion; CoinDesk's report describes the target only as more than $1.5 billion.
The Mastercard Talks
The fundraise follows Zerohash's decision to end advanced acquisition discussions with Mastercard. Crypto Briefing reports those talks were well advanced and centered on a valuation of approximately $2 billion. Neither report describes the terms or the specific reason the company stepped away, and the sources do not indicate whether Mastercard has commented.
Funding History and Scale
The sources differ on how much outside capital Zerohash has raised. Crypto Briefing cites a $35 million Series C in October 2021 and puts total known funding at that point somewhere between $50 million and $60 million. A raise of $250 million would therefore be several times the size of anything the company has previously disclosed. Because the figures come from reporting rather than a filing, the exact prior funding total should be treated as an estimate.
What Zerohash Does
Zerohash sells application programming interfaces that let financial institutions offer digital asset services, including trading, custody, staking, and tax and reporting tools, without building that infrastructure in-house. Crypto Briefing names MoneyLion and MoneyGram among its clients and says the company holds licenses in multiple jurisdictions.
Reading the Valuation
A valuation above $1.5 billion would place Zerohash among the larger private digital asset infrastructure companies. Both reports note the gap between the last disclosed round and the proposed raise is large, and that investors would need to see revenue growth to justify the price. The sources do not provide revenue figures, so the scale of that growth cannot be assessed from the reporting alone.
Why It Matters
For Traders
No publicly traded token is tied to this raise in the reporting, so the direct market impact for open positions is limited for now.
For Investors
A private round at this valuation signals continued institutional appetite for crypto infrastructure even as large payments firms reassess their own plans.
For Builders
Zerohash's API-first model for trading, custody and staking shows demand for outsourced digital asset rails among fintechs and payment firms.
This article is for information only and is not financial advice. Read the full disclaimer.
