Blockdaemon raises $ 155 million

After the second round of funding, the company was valued at $ 1.2 billion, making it a unicorn.

In the last series B financing round, the blockchain node infrastructure company Block daemon collect another 155 million US dollars. The company around founder and CEO Konstantin Richter will thus to the unicorn. The from SoftBank Vision Fund 2 The company would like to use the above round to enable international expansion and expand the technology stack. New talents are also to be acquired for the company.

According to a press report consists the next phase, especially in the technical development of the ecosystem:

The next phase of strategy will be to bridge access to protocols via APIs, expand financial reporting capabilities for institutions, and deepen their infrastructure capabilities to facilitate integration for the next phase of the blockchain ecosystem.

Further investments

The company is thus continuing its successful expansion. Already in the Series A financing round in June 2021 Block daemon Raising $ 28 million. Overall, the total leveraged capital is now $ 190 million. In the Series B, those who had previously invested also belonged like Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital, and Lerer Hippeau again this time to the donors.

In addition, the company received a valuation of $ 1.25 billion in the current round. So is Block daemon now not just a unicorn, but also the world’s largest blockchain infrastructure company for node management and staking.

Block daemon accelerates

So far, the company supports more than 40 blockchain networks worldwide. The core business is the provision and operation of the blockchain node infrastructure. This should enable the deployment, scaling and provision of nodes with security and monitoring at the institutional level. Users of the offer are companies from stock exchanges to financial institutions and developers. Meanwhile communicates Block daemon above all, that they want to connect commercial players with one another and provide innovative tools for developing their own blockchain solutions.

Compared to the previous year, the company was able to significantly increase the number of its employees, its turnover and its valuation. In addition, several new ETH validators were introduced, new cloud regions and data centers were set up and the risk for customers was reduced through diversification and hedging of assets. It also led Block daemon an insurance guarantee for them.

The New York-based company has seen its growth accelerate significantly over the past 90 days, it said. The number of managed nodes has increased from 8,000 to 18,000.


source site