Blockdaemon, a distributed ledger blockchain infrastructure node management startup recently announced that it has raised $28 million in Series A funding round led by Greenspring Associates.
The fundraising round was also joined by Coinfund, CoinShares, BlockFi, Uphold, and Voyager Digital; and investment-banking powerhouse Goldman Sachs.
"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," said Konstantin Richter, founder, and chief executive of Blockdaemon.
Well, Blockdaemon has significantly increased its team’s headcount in the past year and appointed Cecily Mak as its chief operating officer and Demetrios Skalkotos as global senior VP of sales.
The company offers access to new financial infrastructure for a wide variety of market participants, from large financial institutions, exchanges, and custodians to small, agile crypto native firms and developers.
This Series A round adds capital to the explosive growth Blockdaemon has gained in the past year, deploying over 10,000 nodes across 40 blockchain networks and 20 global regions.
Blockdaemon said that it will expand global headcount further following this round. The company has averaged more than $5 billion in staked assets and is on its way to get upwards of $50 billion by year-end.
"Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure. We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it," said Oli Harris, North America head of digital assets at Goldman Sachs.
Image courtesy: Blockdaemon.com
