Paypal’s Crypto Partner Paxos Raises $142m In Series C Funding U.S-based regulated blockchain platform Paxos raised $142 million in its Series C funding round completed yesterday. The round was led by investment firm Declaration Partners, with other contributors such as Senator Investment Group, Alua Capital, Ken Moelis, RIT Capital Partners plc, PayPal Ventures, and Mithril Capital. Other investors that participated in the funding round include Liberty City Ventures and RRE Ventures. The stablecoin operator has now raised $240 million in total when other funding rounds are added. Funds will be used to accelerate growth Before the Series C funding, Paxos said it intends to plunge the capital into growth acceleration, including increasing its platform capacity and scaling its operations.