According to a Blockdaemon press release from 8 June, the $28 million Series A funding round saw participation from Goldman Sachs, Greenspring Associates, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, and Hard Yaka. Existing seed round investors, including CoinShares, Borderless Capital, and Blockchain.com Ventures, have all increased their investments in Blockdaemon, the company said.
“Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure. We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it,” commented Oli Harris, the North American head of digital assets at Goldman Sachs.
The funding round adds further capital to the explosive growth the company has experienced this year. Since 2020, Blockdaemon has deployed over 10,000 nodes across 40 blockchain networks and 20 regions around the world. The company plans on using the new investment to further expand its global headcount and increase its network reach. With over $5 billion in staked assets so far, the company is on track to have upwards of $50 billion by the end of 2021.