Blockdaemon closes its Series A on $28m

Blockdaemon, an independent blockchain infrastructure platform, has closed its Series A round on $28m.

Greenspring Associates led the round, with commitments also coming from Goldman Sachs, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, and Hard Yaka. Previous Blockdaemon backers Boldstart Ventures, Coinfund, Kenetic, CoinShares, Borderless Capital, Ventures, Lerer Hippeau and Heavybit also joined the round.

This investment capital will help Blockdaemon continue its rapid growth over the past year, which has seen it deploy over 10,000 nodes across 40 blockchain networks and 20 global regions. It also claims to have experienced ten-times revenue growth since the start of 2021.

The company, which recently hired a new COO and global senior vice president of sales, hopes to continue growing its team.

Blockdaemon empowers financial institutions, exchanges and custodians to deploy blockchain-powered financial infrastructure.

Blockdaemon CEO and founder Konstantin Richter said, “This funding represents a significant milestone for Blockdaemon. With investment from industry leading financial technology providers and VC firms, this round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions.

“As the trusted gateway to the blockchain industry for financial institutions of all sizes, Blockdaemon simplifies the complicated, time consuming and costly node management process by providing enterprises with the best-fit node configurations that allow them to rapidly scale up operations.”

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