Goldman Sachs backed Blockdaemon in a $28 million Series A round

Blockdaemon, a blockchain company, raised $28 million. The Series A financing round was led by Greenspring Associates.

Big news! Today Blockdaemon is thrilled to announce our $28M Series A, led by @GreenspringVC!

In the past year:
➡️+$5B in staked assets
💥Powering +25M registered users
🗺️Deployed +10K nodes across 40 blockchain networks & 20 global regions

Read more: https://t.co/00wOy9Uaxc pic.twitter.com/eRCO5Fk9bp

— Blockdaemon (@_blockdaemon) June 8, 2021

Investment bank Goldman Sachs invested $5 million and joined Blockdaemon as a board observer.

Participants in the financing round also included BlockFi, Voyager Digital, Uphold, and the company’s longstanding investors – CoinShares, Borderless Capital, and Blockchain.com Ventures.

The raised funds will be used to grow headcount to 100 by the end of 2021.

According to Blockdaemon founder and CEO Konstantin Richter, the company today serves more than 100 institutional clients, including crypto and traditional financial firms. Through its staking infrastructure, Blockdaemon enables end users to earn income from their coins.

The company has deployed more than 10,000 nodes across 40 blockchains.

Richter added that to date Blockdaemon’s total Series A funding stands at around $40 million. He declined to comment on the company’s valuation.

Earlier in May Goldman Sachs led the Series B round for the analytics firm Coin Metrics worth $15 million.

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