English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
The blockchain infrastructure platform Blockdaemon reached a $1.255 billion valuation after its latest funding round with major backers.
Blockdaemon’s latest funding round pushed the company into the unicorn category. The Japanese investment firm SoftBank Vision 2 fund hosted the Series B funding round. Other notable funders included Goldman Sachs, Matrix Capital, Morgan Creek, and Kraken Ventures.
The blockchain company supports over 40 blockchain networks, which includes ETH 2.0, Bitcoin, Solana, Cardano, and Polkadot. In addition, Blockdaemon powers the foundation for digital coin transactions on some of the world’s largest exchanges.
According to Konstantin Richter, the CEO and founder of Blockdaemon, the company has goals for mass-market expansion. “We are looking to bring crypto and decentralized finance (DeFi) to a global mass-market, in a regulated, compliant manner,” he commented. “We expect that to require extensive resources to work with regulators, as well as rapid international expansion.”
These latest funds will go towards additional hiring in the company’s global offices in Singapore, Japan, the U.K., and Germany and plans for more substantial company acquisitions.
/Related
MORE ARTICLES
Flow and Avalanche Increasing but Snowfall Protocol is the Real Winner
Dash 2 Trade Announces Overfunding Round and Listing on Gate.io
Dogecoin And Shiba Inu are Losing Ground to Snowfall Protocol
Enjin Remains Bearish While Orbeon Protocol Raises Millions During Presale
Top 8 Best Altcoins to Invest in 2023
Golteum (GLTM) And Binance Coin (BNB)-Portfolio Must Haves 2023
Investing in the Future
Earlier this year Goldman Sachs made headlines for investments in the Series A funding round for Blockdaemon. During this round, the company raised over $28 million. Before that, the investment bank sank money into other blockchain and crypto projects such as Blockfi.
This round’s big-ticket name was the leader of the Series B round, SoftBank. The Japanese investment firm has a good track record of financing large projects in the crypto space. Back in mid-July of this year, SoftBank led a funding round for the fantasy football platform Sorare. The round accumulated $530 million in monetary support.
Shortly after the funding round for Sorare, SoftBank sank funds into the upcoming Bullish crypto exchange. During this venture, the company invested $75 million in the new exchange.
