TechFlow news — FTX executives have privately proposed a new round of financing worth "several billion dollars" in recent weeks, at a valuation of approximately $32 billion. Additionally, FTX has been engaged in a "quite large-scale" hiring push and recruiting M&A specialists.
However, FTX founder and CEO SBF clarified that the company plans to strategically increase its workforce by 50% to 100% annually, emphasizing that such growth would not happen overnight. He added that the company has "never considered" raising funds on the scale mentioned above, though he hinted at other potential funding options still under consideration, saying FTX hasn't "ruled out any ideas."
Reports indicate employee headcount will rise from the recent level of 250 to 300, while SBF stated the "mid-term upper limit" for FTX's workforce should be around 1,000.
Previously, FTX was valued at $32 billion in its October 2021 funding round.
