Thomson Reuters Mike Novogratz has led a $52.5 million fundraise for crypto-lending startup BlockFi, the company announced Tuesday. The firm will use the funds to expand its lending platform outside the US and to support more digital assets. BlockFi allows crypto investors to borrow against their holdings. Mike Novogratz's merchant bank Galaxy Digital has led a $52.5 million fundraising round for crypto-lending startup BlockFi, the firm announced on Tuesday.