Sapphire (SAPP)
Sapphire (SAPP)
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26 Jan 2022

Blockchain infrastructure firm Blockdaemon scores $3.25 billion post-money valuation in new fundraise

Blockchain infrastructure firm Blockdaemon scores $3.25 billion post-money valuation in new fundraise

Blockdaemon, 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.

The latest fundraise comes several months after Blockdaemon raised $155 million in Series B funding in September; the deal at that time garnered the firm a valuation of $1.26 billion.

Tiger Global and Sapphire led the new round, with additional support from SoftBank, Boldstart Ventures, Galaxy Digital, StepStone Group, Matrix Capital Management, and Lerer Hippeau.

Previous investors include Goldman Sachs, which participated in Blockdaemon's $28 million Series A last summer. All told, the company has raised nearly $400 million since the start of last year.

“Over the last 12 months Blockdaemon has seen massive growth across all metrics and raised substantial capital to continue bridging institutions onto protocols in a safe and secure manner," Blockdaemon's CEO and founder Konstantin Richter said in a press statement. "We remain committed to leading the way to overall network resilience and open source tooling development as this field of innovation continues to change the way value traverses the world.”


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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