12 April 2022
Carey Olsen advises Certik as it more than doubles its valuation to US$2 billion
Lawyers from Carey Olsen's corporate team in the Cayman Islands have advised web3 and blockchain security firm Certik on its US$88 million Series B3 funding round, bringing its valuation to US$2 billion.
The oversubscribed funding round means Certik has doubled its valuation in three months, having raised a total of US$230 million across four separate funding rounds over the past nine months, all of which Carey Olsen advised on.
Nick said: "Certik's growth over the past year has been extremely exciting to be a part of. To have reached a US$2bn valuation in such a short period of time demonstrates how the company is leading the way in the blockchain security space."
Certik has so far protected more than US$300 billion worth of crypto assets for 2,500 enterprise clients through its auditing and fraud investigation services. In 2021, Certik's revenues rose by 12 times, while profits increased 3,000 times.