Brooklyn city based Blockdaemon secured $28 Million in Series A funding


Blockdaemon, Brooklyn New York based provider of a Blockchain infrastructure platform, has now secured $28 million in a Series A funding round.

Blockdaemon is founded by Konstantin Richter. It is an independent blockchain infrastructure platform powering 25 million registered users across the system they support. It supports more than 40 cutting-edge blockchain networks which include Cardano, MobileCoin, SKALE, Cosmos, Bitcoin, ETH 2.0, and Polkadot. It offers access to new financial infrastructure for a wide range of market participants, from large financial institutions, exchanges, and custodians to small, agile crypto native firms and developers.

Executive Opinion

Konstantin Richter, CEO, and Founder of Blockdaemon, said, "This funding represents a significant milestone for Blockdaemon. With investment from industry leading financial technology providers and VC firms, this round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions. As the trusted gateway to the blockchain industry for financial institutions of all sizes, Blockdaemon simplifies the complicated, time consuming and costly node management process by providing enterprises with the best-fit node configurations that allow them to rapidly scale up operations."

Hunter Somerville, General Partner of Greenspring Associates, said, "Blockdaemon has demonstrated that enterprises need a simple way to build secure blockchain infrastructure. Konstantin and the Blockdaemon team have done a phenomenal job of making the entry point to blockchain easy and secure, and we look forward to working with them on their next stage of growth."

Blockdaemon's latest funding

The latest funding round was backed by Greenspring Associates. Other participating investors include BlockFi, Goldman Sachs, Voyager Digital Ltd, Uphold, Warburg Serres, Coinfund, Kenetic, CoinShares, Borderless Capital, Ventures, Lerer Hippeau, Boldstart Ventures, and HeavyBit.

Brooklyn based blockchain startup intends to use newly raised funds to expand its node infrastructure services and expands its team.  Blockdaemon also intends to expand in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions, notes the announcement
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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