Blockdaemon has raised $155 million in Series B capital round, the provider of blockchain staking infrastructure said on its blog Tuesday.
The company, which called the raise the largest for any blockchain node infrastructure provider to date, said that it would use the capital to expand its teams in Singapore, Japan, the U.K. and Germany and to make strategic acquisitions that would enable it to “build out” its tech stack.
SoftBank Vision Fund 2 led the Series B, which also included Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital. Seed investors Boldstart Ventures, Goldman Sachs, Greenspring Associates, Kenetic, Kraken Ventures, Borderless Capital and others upped their investments in this latest round.
“This latest large infusion of capital will ensure that we continue to revitalize existing financial infrastructure,” said Blockdaemon CEO and founder Konstantin Richter said. “We are committed to a future of decentralized financial infrastructure and accelerating the ease of integration to bridge traditional banking to the crypto ecosystem.”
In June, the company raised $28 million in a Series A round led by Greenspring Associates and that included Goldman Sachs.
The blockchain infrastructure space has grown increasingly competitive this year. In April, Alchemy completed an $80 million Series B round at a $505 million valuation. In August, Figment raised $50 million to expand its infrastructure across the proof-of-stake (PoS) industry supporting services it provides for the Web 3 stack.
