Blockdaemon raises USD5.5m in funding round

Blockdaemon, a blockchain infrastructure platform for node management serving institutions and developers, has completed a strategic funding round of USD5.5 million led by venture capital (VC) firms focused on blockchain technology. 

Blockdaemon’s funding round is supported by a number of new investors including Hashkey, CoinShares, Blockchain.com, Kenetic, SPiCE VC and Fenbushi Capital. Early investors Comcast Ventures, Lerer Hippeau, Boldstart, and Heavybit will also continue their participation in the latest funding round. 

Investor and advisor Meltem Demirors, says: “At CoinShares, we believe compute and connectivity will define the next decade of economic growth, and that blockchain networks and cryptocurrencies like Bitcoin are novel mechanisms for pricing network throughput. Blockdaemon is pioneering a new category of networking services that will be vital to providing the ability for governments, companies, and consumers to interact and transact securely on these networks.”

Blockdaemon’s node management platform helps auto-scale blockchain networks securely with enhanced monitoring, back-systems, HA clusters, APIs and cloud-managed node monitoring of on-premises solutions with our Blockchain Package Manager (BPM) – similar to an enhanced DataDog for blockchain nodes. Builders looking to interact with public, permissioned-based, and staking networks can connect to 30+ protocols through the Blockdaemon Marketplace. 

“Handling node management and operations can be complicated, expensive, and can slow a project’s velocity,” says Konstantin Richter, CEO, and Founder of Blockdaemon. “The market demands a simplified way to handle node operation with strong enterprise security and easy transaction monitoring. With Blockdaemon, we help companies and developers connect to blockchain networks in minutes with high-availability nodes on-premises or in a cloud they choose.”