Blockdaemon, a blockchain company, raised $155 million. The Series B funding round was led by SoftBank through Vision Fund 2.
We are proud to announce that we have raised $155M in investments, led by @SoftBank Vision Fund 2, with a valuation of $1.255B.https://t.co/n1c0487KmA
— Blockdaemon (@BlockdaemonHQ) September 21, 2021
Participants in the funding round also included Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital, alongside existing investors – Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital and Lerer Hippeau.
The valuation of the startup, focused on deploying staking infrastructure and node management, reached $1.26 billion.
Blockdaemon supports more than 40 blockchains, including Bitcoin, Ethereum 2.0, Solana, Terra, Cardano and Polkadot.
The number of managed nodes has risen from 8,000 to 18,000 over the past three months, according to the company. The volume of assets in staking reached $10 billion; Blockdaemon is represented in 70 countries worldwide.
The funds will be used to further international expansion and to grow the workforce. Blockdaemon did not rule out acquiring other players.
The next development phase will involve unifying access to protocols via API, expanding institutional reporting capabilities and further developing the infrastructure, the company said.
In June, following the Series A round, the company raised $28 million.
Earlier, JPMorgan analysts valued the staking market at $40 billion by 2025.
Subscribe to ForkLog news on Twitter!