certify
Home arrow Article arrow Article Detail

Blockdaemon, Blockchain Infrastructure Company raises $28 million with participation from Goldman Sachs and BlockFi

Profile Image

Shivangi Mujumdar

CBW -External Analyst

INDIA

Jun, 09 2021

Jun, 09 2021

likes 0 | comments 0

Article Image

Blockdaemon, a blockchain firm that delivers crypto staking and node administration infrastructure, has raised $28 million in a Series A funding round. It came into existence on 08-June-21.

 

The round was led by Greenspring Companions, with contributions from Goldman Sachs, BlockFi, Voyager Digital, Uphold, and others. Goldman Sachs, in specific, invested $5 million, Blockdaemon founder and CEO Konstantin Richter told The Block. The bank will also link Blockdaemon as "board observers," stated Richter.

 

Check the reviews of his findings:                   

 

Blockdaemon's existing investors, together with CoinShares, Borderless Capital, and Blockchain.com Ventures also contributed to Series A. With fresh capital at hand, Blockdaemon strategies to double its headcount to 100 by the end of this year by signing mostly engineers, Richter told The Block.

 

Blockdaemon, the leading self-governing blockchain infrastructure platform driving 25 million registered users through the platforms they support. It has broadcast that it has closed $28 million in its Series A funding round, led by Greenspring Associates.

 

Blockdaemon is the opening layer to the blockchain industry, allowing participants to stake and deploy nodes with institutional-grade security, scalability, and consistency. This is with the support of 40+ cutting edge blockchain networks including ETH 2.0, Cardano, Bitcoin, Polkadot, MobileCoin, and the Lightning Network in the cloud and on-premise through the Blockdaemon Marketplace.

 

Blockdaemon offers access to new financial infrastructure for the variability of market participants, from large financial institutions. It helps in exchanges and custodians to small, active crypto native firms and developers. It is reliable across the blockchain ecosystem including the industry’s leading networks, enterprises, exchanges, custodians, and funds. With a 10x development in revenue later the beginning of the year, Blockdaemon plans to hurry future growth through targeted acquisitions.

 

These clients trust Blockdaemon's betting infrastructure to let their end users earn yields on their coin holdings. Blockdaemon says it has deployed over 10,000 nodes through 40 blockchain networks and global regions.

 

The Series A brings Blockdaemon's complete funding to date to around $40 million, Richter told The Block. He failed to comment on the firm's valuation. As for Goldman Sachs, the megabank also invested in crypto data firm Coin Metrics last month.


likes 0 Likes | comments 0 Comments

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.