Blockdaemon is an NYC-based institution-grade blockchain infrastructure company that offers node management and staking. It closed a USD 207m Series B funding round with a post-money value of $3.25B.
Sapphire and Tiger Global led the round, along with participation by SoftBank Vision Fund 2, Boldstart Ventures and StepStone Group, Matrix Capital Management and Lerer Hippeau.
The company plans to use the funds for strategic acquisitions, to continue to improve its full-stack products suite and to launch a fund to invest earned assets.
Blockdaemon’s CEO Konstantin Richter is the founder. He oversees the creation and deployment of nodes using an independent infrastructure that provides institutional-grade security monitoring and security. The Blockdaemon Marketplace supports 50+ blockchain networks, including Eth2, Bitcoin and Terra. It also supports Cosmos, Polkadot and Cosmos. 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 posted 2021 net income growth and added more than 150 full-time employees, the majority engineers. It also expanded its international presence in Germany and Singapore. Stakewise will be partnering with the company to increase liquid staking. The company also announced its DeFi Fund partnership to expand economic opportunities in the crypto community.