Blockdaemon, a NYC-based institutional-grade blockchain infrastructure company for node management and staking, closed a USD $207m Series C funding round at a post-money valuation of $3.25 billion.
The round was led by Sapphire and Tiger Global, with participation from SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management, Lerer Hippeau and Galaxy Digital.
The company intends to use the funds to accelerate strategic acquisitions, continue to enhance its full-stack product suite and launch a fund to reinvest earned assets.
Led by founder and CEO Konstantin Richter, Blockdaemon is an independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 50+ blockchain networks including Eth2, Bitcoin, Solana, Terra, Cardano, Polkadot, Cosmos, SKALE, MobileCoin and the Lightning Network across over 70+ points of presence in the cloud and on bare metal servers globally through the Blockdaemon Marketplace, the platform is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. The company powers the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes.
Blockdaemon closed out 2021 net income positive and added over 150 full time employees —the majority engineers — while also growing its international footprint in Germany and Singapore. The company is also announcing its partnership with Stakewise to augment liquid staking, as well as its own DeFi Fund to provide greater access to economic opportunity in the crypto ecosystem.
FinSMEs
27/01/2022