Blockchain platform Blockdaemon hits unicorn status with a Series B capital round worth $155 million led by SoftBank Vision Fund 2.
Blockdaemon’s valuation has reached $1.3 billion, the provider of blockchain staking infrastructure announced Tuesday.
The funding round included participation from Matrix Capital, Morgan Creek Digital, and Sapphire Ventures, according to a statement.
Kraken Ventures, Goldman Sachs Group, and Kenetic were among existing investors who pumped up their investments, the statement added.
Biggest blockchain infrastructure
The latest capital infusion makes Blockdaemon the world’s biggest blockchain infrastructure company for node management and staking.
The news follows Blockdaemon’s Series A funding round in June last year of around $28 million, as well as previous major investments, bringing the total to just under $190 million.
According to Business Wire, Blockdaemon has significantly fast-tracked its growth and boosted its managed node count from 8,000 to 18,000 over the last three months — more than double its operational footprint.
Blockdaemon supports more than 40 blockchain networks, including Bitcoin, ETH 2.0, Terra, Solana, Polkadot, Cardano, and the Lightning Network.
It also powers the institutional foundation for things like virtual token transactions by tens of millions of registered users across some of the world’s biggest crypto exchanges and financial institutions.
Expanding globally
Blockdaemon said it would use the fresh funds to expand its presence in Britain, Japan, Singapore, and Germany and to carry out key acquisitions that would enable the company to bolster its tech inventory.
Last June, Blockdaemon secured around $28 million in a Series A funding round spearheaded by Greenspring Associates and Goldman Sachs.
“This latest major funding will ensure that we continue to boost existing financial infrastructure,” Blockdaemon Chief Executive Officer and Founder Konstantin Richter said in quotes by CoinDesk.
Blockdaemon hopes that if the company can help build products for Goldman it will be able to for other major asset managers, Richter said.
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