Blockchain infrastructure platform Blockdaemon announced that it has closed a Series B funding round of US$155 million with a valuation of US$1.255 billion.
The round was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.
Existing investors Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital, and Lerer Hippeau increased their investments as part of the B round.
This news follows the company’s Series A Round in June 2021 of US$28 million, as well as previous strategic investments, bringing the total to just under US$190 million.
The latest round will help Blockdaemon fund the company’s international expansion in Singapore, Japan, the UK and Germany.
In addition, the new capital will allow the company to make strategic acquisitions to build out its already robust tech stack.
The next stage of strategy will be to bridge access to protocols via APIs, expand financial reporting capabilities for institutions, and deepen its infrastructure capabilities to ease integration for the next phase of the blockchain ecosystem.
Over the last 90 days, Blockdaemon said it has significantly accelerated its growth and increased its managed node count from 8,000 to 18,000, more than doubling its operational footprint.
Konstantin Richter, CEO and Founder of Blockdaemon said,
“We are committed to a future of decentralised 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.”