Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital also participated in the funding round. Along with existing investors such as Bold storm Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kinetic, Kraken Ventures and others.
“This latest large infusion of capital will ensure that we continue to revitalize existing financial infrastructure,” said Blockdaemon CEO and founder Konstantin Richter. “We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem.”
The startup’s valuation reached $ 1.26 billion
The valuation of a startup focused on deploying infrastructure for staking and node management reached $1.26 billion.
Blockdaemon supports more than 40 blockchains, including Bitcoin, Ethereum 2.0, Solana, Terra, Cardano and Polkadot.
The number of managed nodes has increased from 8,000 to 18,000 over the past three months, according to the company. The volume of assets in staking has reached $10 billion. Blockdaemon is active in 70 countries around the world.
Financing of further international expansion
The company will use the received funding for further international expansion and an increase in the number of employees. Blockdaemon has not ruled out the takeover of other players.
The next stage of development will be the integration of access to protocols through the API, the expansion of financial reporting capabilities for institutions and the further development of infrastructure, the company said.
Recall that in June, following the results of the Series A financing round, the company raised $28 million. The investment bank Goldman Sachs invested $5 million and joined Blackdaemon as an observer on the board of directors. BlockFi, Voyager Digital, and Uphold also participated in the funding round. As well as regular investors of the company – CoinShares, Borderless Capital and Blockchain.com Ventures.