Blockdaemon, a leading independent blockchain infrastructure platform, announced that it has completed a US$155 million Series B financing with a valuation of US$1.255 billion, making it the world’s largest node management and staking blockchain infrastructure company.
This round of B round was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital.This news is following Series A financing in June 2021 28 million U.S. dollars, as well as previous strategic investments, brought the total investment to slightly less than 190 million U.S. dollars.
As part of the Series B financing, existing investors Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital and Lerer Hippeau increased their investments.
In the past 90 days, Blockdaemon has significantly accelerated its growth, increased its number of managed nodes from 8,000 to 18,000, and more than doubled its operational footprint.
The latest round of financing will help Blockdaemon fund the company’s international expansion to introduce world-class talent in Singapore, Japan, the United Kingdom and Germany. In addition, the new capital will enable the company to make strategic acquisitions to build its already strong technology stack.
For the next stage of the strategy, Blockdaemon plans to bridge access to the protocol through APIs, expand the organization’s financial reporting capabilities, and deepen its infrastructure capabilities to simplify the next stage of integration of the blockchain ecosystem.
“This latest large-scale capital injection is another important milestone for Blockdaemon. It will ensure that we continue to revitalize the existing financial infrastructure around the world. We are committed to building the future of decentralized financial infrastructure, and speeding up the difficulty of integration. The business is connected to the crypto ecosystem. With the further definition of regulations, the supporters of SoftBank and Masa’s experience are crucial. We are very pleased with the support and confidence of the financial, technology and venture capital giants, who have made the latest round of financing a possible.”
– Konstantin Richter, CEO and founder of Blockdaemon
As the basic layer of the blockchain industry, Blockdaemon enables participants to trade, pledge and earn revenue through nodes in a simple interface with institutional-level security, scalability and reliability.
Currently, Blockdaemon supports more than 40 blockchain networks, including ETH 2.0, Bitcoin, Solana, Terra, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network on global cloud and bare metal servers through the Blockdaemon Marketplace.
Blockdaemon takes the ecosystem as the first concept to provide the institutional backbone of transactions and income for tens of millions of registered users of some of the largest exchanges, custodians, investors, and financial institutions.
In the past year, the company’s incredible appeal has ultimately increased its valuation by 70 times, revenue by 20 times, and the number of employees by 5 times. In addition, the company launched more than 10,000 ETH 2.0 validators, with an average mortgage asset of more than 10 billion U.S. dollars, and increased to 70 points of presence in cloud regions and data centers. Blockdaemon has also added multiple layers of risk mitigation through regional and data center diversification in the past year, and added insurance coverage for its customers.