Blockdaemon Raises $5.5M in Strategic Funding Round

Katie DiMento
Editorial,Partnerships

Announcing $5.5M in Strategic Funding Round from Venture Capital Leaders

The last 12 months have been an exciting time at Blockdaemon, with our team reaching major achievements like rolling out our Marketplace, joining the Celo Alliance, opening offices around the globe and continued growth in providing the infrastructure for major players in the blockchain ecosystem. 

While it’s hard to top the incredible year we’ve had, we are happy to announce that we are continuing this exciting period of growth with the announcement that we have raised $5.5 million in a strategic funding round this May. 

We are thrilled to be supported by a number of new investors including Hashkey, CoinShares, Blockchain.com Ventures, Kenetic, SPiCE VC, and Fenbushi Capital. Specifically, investment by major players in the Asia-Pacific region (Hashkey, Fenbushi Capital, and Kenetic) will offer us the support and expertise to expand into this key growing market.

Early investors Comcast Ventures, Lerer Hippeau, Boldstart, Coinfund, and Heavybit also continue their participation in the latest funding round, demonstrating their support for our vision of a simple, secure and scalable node operations solution for the blockchain ecosystem.  

“As more DLT and token projects launch, it is clear that they need professional infrastructure to manage, scale and secure them.” states Gil Beyda, Comcast Ventures Managing Director and Founder and Managing Partner of Genacast Ventures.“Blockdaemon has already proven itself by managing some of the most notable projects in the world. We are excited to participate in this funding round because we believe Blockdaemon’s team and platform can become the leading solution to a global problem.” 

With the funding raise, we enter the next step in a pivotal period of growth. To continue our expansion in the European market, we will be opening an office in Germany and entering into a partnership with the Frankfurt School of Finance & Management. We also plan on broadening our vision of infrastructure to include deeper financial reporting and APIs. As well, we will begin contributing directly to the stability, resiliency and accessibility of payment-centric networks including Transparent Systems, Celo, MobileCoin and the Lightning Network, as well as supporting the continued success of ETH2.0. 

The Blockdaemon node management platform currently supports auto-scale blockchain networks securely with enhanced monitoring, back-systems, HA clusters, APIs and cloud-managed node monitoring of on-premises solutions with our Blockchain Package Manager (BPM) – similar to an enhanced DataDog for blockchain nodes. 

Builders looking to interact with public, permissioned-based, and staking networks can connect to 30+ protocols through the Blockdaemon Marketplace. In addition to having advanced monitoring and analytics, Blockdaemon is internally ISO 27001 certified, with enterprise-grade security and backup systems.

“At CoinShares, we believe compute and connectivity will define the next decade of economic growth, and that blockchain networks and cryptocurrencies like Bitcoin are novel mechanisms for pricing network throughput,” investor and advisor Meltem Demirors stated. “Blockdaemon is pioneering a new category of networking services that will be vital to providing the ability for governments, companies, and consumers to interact and transact securely on these networks.”

With over 250 institutional customers, Blockdaemon is trusted by the industry’s leading networks, exchanges, enterprises, custodians, developers, and funds including Trust Wallet, Coinfund, Algorand Foundation, Wharton School of Business, Ledger, Blockchange Ventures, Slow Ventures, and BTC Markets. 

For the entire team at Blockdaemon, this round cements the next step in our vision, and ensures that we are continuing to make progress in developing the best-in-class infrastructure for the blockchain economy. 

To learn how Blockdaemon can help with your node management and operations, visit our Marketplace and explore our offerings or contact us at hello@blockdaemon.com