Blockchain, a blockchain infrastructure provider, has raised 155 million in its Series B funding round, which will help its expansion plans to acquire the crypto infrastructure market. The funding round was attended by Goldman Sachs, Softbank Vision Fund 2, Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital.
BlockDemon raised $ 155 million in the Series B funding round
Blockchain, a leading node infrastructure provider, raised 15 155 million in its latest Series B funding round. As a company specializing in providing node support to other companies to facilitate access to blockchain, these funds will be used to cement its position as a major infrastructure provider for businesses and organizations. Matrix Capital Management, Sapphire Ventures, Goldman Sachs, Kraken Ventures, Morgan Creek Digital and Coinfund participated in the funding round.
This funding puts Round BlockDamon valued at 1. 1.255 billion, making it one of the industry leaders. The company has experienced a revival in its service delivery this year with the recent bull market, and is now responsible for 10,000 ETH 2.0 verifiers and has assets of over 70 70 billion.
Konstantin Richter, founder and CEO of BlockDamon, said:
This latest massive inflow of capital is another major milestone for the blockchain and will ensure that we continue to revitalize existing financial infrastructure worldwide.
Recruitment and acquisitions are coming
The company plans to expand its core accounts to source talent from countries such as Singapore, Japan, the United Kingdom and Germany. Also, BlockDemon plans to funnel these funds for strategic acquisitions that will help it create new products and deepen the integration between the blockchains they interact with.
Oli Harris, Goldman Sachs’ North America head of digital assets, said:
Goldman Sachs is very pleased to continue our relationship and investment with BlockDemon, as they continue to innovate for the financial services industry. We believe that blockchain and crypto adoption play a key role in the future of blockchain.
Blockchain has further enhanced its game in this recent fundraising round, ranging from raising 28 million in its Series A, where Goldman Sachs also participated, this time raising nearly 5 155 million. Since then, the company’s valuation has increased significantly, as well as the number of institutional customers who use BlockDaman’s services for day-to-day work.
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