Zerohash, the Chicago-based digital asset infrastructure company, is looking to raise roughly $250 million at a valuation north of $1.5 billion. The move comes after the company opted out of advanced acquisition talks with Mastercard that would have valued it at around $2 billion.
From acquisition target to fundraising mode
The Mastercard discussions were reportedly well advanced before Zerohash chose to walk. The payments giant had been eyeing the company at a valuation of approximately $2 billion. Instead, Zerohash is now pursuing a private raise that values it at roughly $1.5 billion to $1.6 billion.
Zerohash’s last known round was a $35 million Series C back in October 2021, bringing its total known funding at the time to somewhere in the range of $50 million to $60 million.
What Zerohash actually does
