Blockdaemon Raises $28M in Series A Funding


Blockdaemon, a New York-based provider of a blockchain infrastructure platform, raised $28M in Series A funding.

The round was led by Greenspring Associates, with participation from Goldman Sachs, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, and Hard Yaka, Boldstart Ventures, Coinfund, Kenetic, CoinShares, Borderless Capital, Ventures, Lerer Hippeau and Heavybit.

The company intends to use the funds to accelerate operations and its business reach.

Led by Konstantin Richter, CEO and Founder, Cecily Mak, Chief Operating Officer and Demetrios Skalkotos, Global Senior Vice President of Sales, Blockdaemon is an independent blockchain infrastructure platform powering 25 million registered users across the system they support. Supporting 40+ cutting edge blockchain networks including ETH 2.0, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network in the cloud and on-premise through the Blockdaemon Marketplace, Blockdaemon offers access to new financial infrastructure for a variety of market participants, from large financial institutions, exchanges and custodians to small, agile crypto native firms and developers. It is trusted across the blockchain ecosystem including industry’s leading networks, exchanges, enterprises, custodians, developers, and funds.

This round adds capital to the growth Blockdaemon has experienced over the past year as they have deployed more than 10,000 nodes across 40 blockchain networks and 20 global regions. Blockdaemon has averaged more than $5 billion in staked assets and is on track to have upwards of $50 billion by year end.