Diligence memo · auto-generated · as of July 2, 2026
Bluefin Topco, Llc
Bluefin Topco, Llc has raised $700M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Bluefin Topco, Llc operates in Crypto / Web3, based in SAN FRANCISCO. Bluefin creates secure payment security technology for businesses around the world. Learn more about our innovative platforms and management team.
Sub-sector tags: crypto/web3.
Capital & rounds (filed)filed
Bluefin Topco, Llc has raised $700M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $385M on 2019-09-06.
Most recent recorded round closed around 2019-09-06.
Valuation (modeled)modeled
Provath models Bluefin Topco, Llc at approximately $14.7B (range $1.8B–$32.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 6.8 yr ago; this sector typically re-raises about every 7 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Crypto / Web3 peers (196 compared).
Modeled value ranks above 99% of those peers.
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.