Blockdaemon secured a $207 million financing round and announced it will launch a DeFi Fund.
The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion.The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly engineers. It also expanded its scope to Germany and Singapore.
Blockdaemon is a leader in the crypto space, offering users node operations and infrastructure tooling for blockchain projects. The company supports numerous networks, including Ethereum, Bitcoin, Solana, Polkadot, Terra, Cardano, Cosmos, and more through its Blockdaemon Marketplace. Nagraj Kashyap – Managing Partner at SoftBank Investments Advisers – opined that the expansion of the digital asset industry requires “secure, critical infrastructure.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blockchain infrastructure firm Blockdaemon scores $3.25 billion post-money valuation in new fundraiseBlockdaemon, a blockchain infrastructure company, has raised a $207 million funding round that gives the firm a post-money valuation of $3.25 billion, according to a Wednesday afternoon announcement.
Read more »
Crypto firm Fireblocks raises $550 mln, company valued at $8 blnFireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.
Read more »
Crypto infrastructure firm Fireblocks valued at $8B following $550M raiseExtreme market volatility for assets like Bitcoin and Ether hasn’t stopped venture capital from pouring billions into blockchain businesses.
Read more »
Crypto art collector PleasrDAO is raising $69 millionPleasrDAO, a collective of crypto luminaries, is raising $69 million.
Read more »
Grayscale Considering 25 More Crypto Assets for Investment Products – Altcoins Bitcoin NewsGrayscale has added 25 crypto assets to its list of assets under consideration for investment products. cryptocurrency
Read more »
FTX US Valuation Taps $8 Billion After Raising $400 Million From SoftBank and TemasekThe popular crypto exchange FTX US continues to make strides by raising $400 million in a funding round.
Read more »