Blockdaemon, the leading independent blockchain infrastructure platform, has announced that it has closed a Series B funding round of USD $155 million with a valuation of $1.255 billion, making it the world’s largest blockchain infrastructure company for node management and staking.

This Series B was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital. This news follows a Series A round in June 2021 of $28 million, as well as previous strategic investments, bringing the total to just under $190 million.

Existing investors Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital, and Lerer Hippeau increased their investments as part of the B round.

In just the last 90 days, Blockdaemon has significantly accelerated its growth and increased its managed node count from 8,000 to 18,000, more than doubling its operational footprint.

The latest round will help Blockdaemon fund the company’s international expansion to bring on world-class talent in Singapore, Japan, the UK, and Germany. In addition, the new capital will allow the company to make strategic acquisitions to build out its already robust tech stack.

For this next stage of strategy, Blockdaemon plans to bridge access to protocols via APIs, expand financial reporting capabilities for institutions, and deepen its infrastructure capabilities to ease integration for the next phase of the blockchain ecosystem.

“This latest large infusion of capital is another major milestone for Blockdaemon and will ensure that we continue to revitalize existing financial infrastructure around the globe. We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem. As regulations get further defined, a backer of the caliber of SoftBank and Masa’s experience is crucial. We are deeply gratified to have the support and confidence of the financial, tech and VC titans who made this latest round possible.”
– Konstantin Richter, CEO and Founder of Blockdaemon

As a foundational layer to the blockchain industry, Blockdaemon enables participants to transact, stake, and earn via nodes in one simple interface with institutional-grade security, scalability, and reliability.

Currently, Blockdaemon supports 40+ blockchain networks including ETH 2.0, Bitcoin, Solana, Terra, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network in the cloud and on bare metal servers globally through the Blockdaemon Marketplace.

With an ecosystem-first mindset, Blockdaemon powers the institutional backbone of transactions and yields for tens of millions of registered users across some of the largest exchanges, custodians, investors, and financial institutions.

Over the past year, the company’s incredible traction culminated in a 70x increase in valuation, a 20x increase in revenue, and a 5x increase in headcount. Further, the company launched over 10,000 ETH 2.0 validators, has averaged more than $10 billion in staked assets and grew to 70 points of presence in cloud regions and data centers. Blockdaemon also added multiple layers of risk mitigation with regional and data center diversification over the past year and added insurance guarantees for its customers.

The post Node infrastructure provider Blockdaemon raises $155M in Series B appeared first on CryptoNinjas.

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