Blockdaemon Raises $207 Million in Series C Round

Posted on 01/27/2022

Blockdaemon is an institutional-grade blockchain infrastructure company for node management and staking. Blockdaemon closed a Series C funding round of US$ 207 million with a post-money valuation of US$ 3.25 billion. The round was led by Sapphire and Tiger Global Management, with participation from existing investors SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management, and Lerer Hippeau. Galaxy Digital has also joined Blockdaemon’s cap table. Blockdaemon is also announcing its partnership with Stakewise to augment liquid staking, as well as its own DeFi Fund to provide greater access to economic opportunity in the crypto ecosystem.

Blockdaemon supports more than 50 blockchain networks including Eth2, Bitcoin, Solana, Terra, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network across over 70 plus points of presence in the cloud and on bare metal servers globally through the Blockdaemon Marketplace.

DeFi Fund
Blockdaemon is establishing a DeFi Fund to reinvest earned assets into institutional grade DeFi offerings with an eye to creating CeFi solutions for its more regulatory aware customers, and to experiment with different flywheels. The funds will also be used to make structured investments in the crypto and blockchain ecosystem.

Keywords: Sapphire Ventures, Sapphire Partners, Sapphire Sport.

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