Blockchain Infrastructure Platform Blockdaemon secured $155M in Series B funding

Blockdaemon, New York based blockchain node infrastructure platform, has recently secured $155 million in a Series B funding round.

Blockdaemon was founded by Konstantin Richter. The blockchain startup offers a blockchain node infrastructure to stack, scale and deploy nodes with institutional-grade monitoring and security.

The company supports more than 40 blockchain networks. The supported blockchain networks are the Polkadot, ETH 2.0, Bitcoin, Cardano, Terra, MobileCoin, Cosmos, SKALE and the Lightning Network in the cloud and on the bare metal servers across the globe with the help of a Blockdaemon marketplace.

Konstantin Richter, CEO and Founder of Blockdaemon, said, "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. 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."

Nagraj Kashyap, the Managing Partner at SoftBank Investment Advisers, said, "We believe Blockdaemon is a foundational layer to the blockchain industry, providing a suite of easy-to-use infrastructure products and services to help power the world’s top crypto exchanges, custodians, and funds. We are delighted to partner with Konstantin and the Blockdaemon team to support their mission of making access to blockchain easier and more secure for financial institutions."

SoftBank Vision Fund 2 led the latest funding round for the blockchain startup. Other participating investors include Sapphire Ventures, Matrix Capital Management and Morgan Creek Digital.

The blockchain startup, as of now, has plans to use the new funds to hire talent in the UK, Germany, Singapore and Japan. Blockdaemon also intends to make few strategic acquisitions to build its technology stack, notes the announcement.