Blockdaemon Lands $207M Series C Funding Backed by Citi Ventures
Blockdaemon, the world's largest institutional-grade blockchain infrastructure company for node management and staking, yesterday announced that it has added four new notable investors Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth as it continues its high-velocity growth powering the blockchain economy. The company recently announced a Series C of $207 million at a post-money valuation of $3.25 billion.
Over the past year, Blockdaemon has been on a fast-track, increasing its valuation by 10x since the Series A in Q2 2021; its revenues by 12x over FY'21; and its headcount by 6x as it continued to scale a diverse global team that maintains a strong majority technical talent ratio. The company also added multiple investors including Goldman Sachs, JP Morgan Chase, SoftBank Vision Fund 2, and Tiger Global.
"As digital assets become more mainstream with financial institutions and retail investors, it's critical that stability, reliability and security are top priorities," said Luis Valdich of Citi Ventures. "Citi Ventures is proud to make Blockdaemon our first investment in blockchain infrastructure, the backbone that makes cryptocurrencies possible. Blockdaemon is an exciting company for Citi Ventures as we continue to add best-in-class crypto and blockchain companies to our portfolio."
(Source: Business Wire)
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