blockdaemon 28m series lending sachs greenspring

Over 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.

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.

Konstantin Richter, CEO and Founder of Blockdaemon, said, “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.


Existing investors including Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund and others returned.

Following the infusion of capital, the Irish Times has reported that company plans to hire 25 to 50 more people by the end of 2022 at its European HQ in Galway, where it currently has a staff of 10. The Galway office was opened in 2018 as a site to grow the the company’s engineering and R&D operations in Europe.

Founded in 2017 by Konstantin Richter, US-headquartered Blockdaemon provides a platform on which blockchains can be managed, with use cases ranging from cryptocurrency exchanges to banks.

The latest funding comes just three months after the company closed a $28m Series A round.

Commenting on the news, Richter said: “This latest large infusion of capital is another major milestone for Blockdaemon and will ensure that we continue to revitalise existing financial infrastructure around the globe.

“We are committed to a future of decentralised financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem … We are deeply gratified to have the support and confidence of the financial, tech and VC titans who made this latest round possible.”

Oli Harris, head of digital assets in North America for Goldman Sachs, added: “Goldman Sachs is very pleased to continue our relationship with and investment in Blockdaemon as they continue to innovate for the financial services industry.

Blockdaemon 28m series lending sachs greenspring шеншитонг

Big news! Today Blockdaemon is thrilled to announce our $28M Series A, led by @GreenspringVC!

In the past year: +$5B in staked assets Powering +25M registered users Deployed +10K nodes across 40 blockchain networks & 20 global regions

Read more: https://t.co/00wOy9Uaxcpic.twitter.com/eRCO5Fk9bp

— Blockdaemon (@_blockdaemon) June 8, 2021

“We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it.”

Blockdaemon works to help companies install and use blockchain applications. It is heavily involved in the decentralized finance (DeFi) world—a catch-all term for financial products that mostly run on ETH (anduse BTC, in some cases) to replace the need for banks.

Blockdaemon also added multiple layers of risk mitigation with regional and data center diversification over the past year and put into place an insurance guarantee for its customers.

“We believe Blockdaemon is a foundational layer to the blockchain industry, providing a suite of easy-to-use infrastructure products and services to help power the world’s top crypto exchanges, custodians, and funds,” said Nagraj Kashyap, Managing Partner at SoftBank Investment Advisers. “We are delighted to partner with Konstantin and the Blockdaemon team to support their mission of making access to blockchain easier and more secure for financial institutions.”

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.

With an ecosystem-first mindset, Blockdaemon powers the institutional back-bone of transactions and yield earnings for tens of millions of registered users across some of the largest exchanges, custodians, investors and financial institutions in the world.

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. The company also launched over 10,000 ETH 2.0 validators, has averaged more than $10 billion in staked assets and expanded to 70 points of presence globally in cloud regions and data centers.

Goldman Sachs has joined in on a sizable funding round to help blockchain firm Blockdaemon expand. It’s more evidence that the investment banking giant is warming up to cryptocurrency technology.

The funding round raised $28 million from investors including venture capital firm Greenspring Associates, crypto lending platform BlockFi, boutique venture capital fund Warburg Serres, and Goldman Sachs, according to anannouncementtoday.

The involvement of Goldman Sachs in Blockdaemon’s funding is further evidence that the New York City-based firm has its eyes on the crypto world.

“Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure,” Oli Harris, North America head of digital assets at Goldman Sachs, said in a statement.

The latest funding round was led by SoftBank and saw Goldman Sachs increase its investment in the blockchain infrastructure start-up.

Blockchain infrastructure platform Blockdaemon is to expand its presence in Galway over the next year after raising fresh funding.

On Tuesday (21 September), the company announced it had closed a $155m Series B funding round, making it “the world’s largest blockchain node infrastructure company”, it said. Blockdaemon reported a post-money valuation of $1.26bn, giving it unicorn status.

The round was led by SoftBank’s Vision Fund 2, joined by Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital.

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.”

Blockdaemon is the foundational layer to the blockchain industry, enabling participants to transact, stake and earn via nodes in one simple interface with institutional-grade security, scalability, and reliability. The company supports 40+ cutting edge 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.

In addition, the new capital will allow the company to make strategic acquisitions to build out its already robust tech stack. The next stage of strategy will be 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.

“Goldman Sachs is very pleased to continue our relationship with and investment in Blockdaemon as they continue to innovate for the financial services industry. We believe Blockdaemon has a key role to play in the future of blockchain and crypto adoption,” said Oli Harris, North America head of digital assets at Goldman Sachs.

About Blockdaemon

Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring.

In May the Goldma led a $15 million investment round in blockchain analytics firm Coin Metrics, and also launched Bitcoin derivatives trading for institutional clients in the same month.

Blockdaemon provides staking and node infrastructure for institutional clients such as Goldman Sachs. According to the firm, it has averaged more than $5 billion in staked assets over the past 12 months and has forecast that figure to reach more than $50 billion by the end of 2021.

The firm offers exposure for institutional clients to networks such as ETH 2.0, Bitcoin, Polkadot, and various protocols such as Dfinity and Near through the Blockdaemon marketplace.

According to a June 8 announcement, Blockdaemon will use the funding to expand node infrastructure services and acquire new staff members and developers.

Richter.

The company’s infrastructure supports over 40 cutting-edge blockchain networks including Ethereum, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin and the Lightning Network in the cloud and on-premise.

Over the past year, Blockdaemon has deployed more than 10,000 nodes across 40 blockchain networks and 20 global regions.

“Blockdaemon has demonstrated that enterprises need a simple way to build secure blockchain infrastructure,” said Hunter Somerville, general partner of Greenspring Associates.

Image: Pixabay, BlockdaemonA message from John Furrier, co-founder of SiliconANGLE:

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