$66 Million: Blacksmith Raises Funding at $1 Billion Valuation

Blacksmith raised $66 million in a funding round led by Sequoia, lifting the company's valuation to $1 billion, according to Entrackr. The report puts Blacksmith among a small group of companies to reach a $1 billion valuation in a single named round led by Sequoia.

What did Blacksmith raise, and who led it?

The round totals $66 million, Entrackr reports. Sequoia is named as the lead investor. The outlet's headline does not list additional participants, and no secondary filing or company statement was available to confirm the full investor syndicate.

What is Blacksmith's valuation now?

Entrackr places the post-money valuation at $1 billion. That figure marks the company's entry into the small set of startups valued at ten figures or more. No prior valuation was cited in the available reporting, so the size of the jump from Blacksmith's last round could not be independently verified.

The numbers at a glance

• $66 million — size of the new funding round, per Entrackr
• $1 billion — Blacksmith's resulting valuation, per Entrackr
• Sequoia — named as lead investor

Is this a metalworking or forging company?

No. The name is a coincidence of branding, not a description of trade. Entrackr's report concerns a funded startup, not a forge or metalworking shop. Readers searching for coverage of hand-forged tools, knife-making classes, or traditional smithing — the subject this site typically covers, as in recent dispatches on knife-forging classes in Portland, Oregon and the revival of blacksmithing in Gretna Green — should not confuse the two. This item is a corporate finance story that happens to share a word with the craft.

What details remain unconfirmed?

Entrackr's headline and available reporting do not specify what product or service Blacksmith sells, where it is based, or how the new capital will be used. No executive is quoted in the material reviewed. A full list of participating investors beyond Sequoia was not available at filing time. Readers seeking those specifics should consult Entrackr's full report directly, linked above, since this desk could not independently corroborate details beyond the headline figures.

Where was this first reported?

Entrackr broke the story. The outlet is the only source currently available for the $66 million raise and $1 billion valuation. No other outlet's independent confirmation, regulatory filing, or company announcement was supplied alongside the original report, so figures here are attributed solely to Entrackr pending additional disclosure.