Blockdaemon Finishes Series B Funding Round with $155 Million

September 24, 2021

Blockchain platform provider Blockdaemon announced this week it has received $155 million in new investment funds after completing its Series B funding round. SoftBank Vision Fund 2 led this round, with additional support from Morgan Creek Digital, Capital Management, and Sapphire Ventures.  Combining the company’s Series A funding of $28 million, Blockdaemon current investment total amounts to $190 million.

Blockdaemon has become an widely popular source for crypto enthusiasts, offering customers a single platform to securely and reliably transact, stake and earn nodes. The Blockdaemon platform currently supports more than 40 of the most popular blockchain networks.

This new funding comes at a significant point of organizational development  for Blockdaemon. Over the last three months alone, the company increased its managed node count from 8,000 to 10,000, marking a significant step forward in customer growth. As a result of this increased business activity, the new funding will be used to accelerate growth into emerging markets, as well as for strategic acquisitions and technological development.

“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.” commented Konstantin Richter,CEO and Founder of Blockdaemon. “We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem. 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.”

Edited by Maurice Nagle

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