Blockdaemon Raises $207 Million Series C At $3.25B Post-Money Valuation

Jan 26, 2022•over 3 years ago

Amount Raised

$207 Million

Round Type

series c

Description

Blockdaemon, the leading institutional-grade blockchain infrastructure company for node management and staking, has announced that it has closed a Series C funding round of USD $207 million with a post-money valuation of $3.25 billion. The round was led by Sapphire and Tiger Global, with participation from existing investors SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management, and Lerer Hippeau. Galaxy Digital has also joined Blockdaemon’s cap table. 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.

Company Information

Company

Blockdaemon

About

Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 40+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. We power 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. For more information, please visit https://blockdaemon.com/. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies. The information included herein is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any fund, including SVF 2. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing.

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