Crypto Infrastructure Company Blockdaemon Raised $207M From Tiger Capital and SoftBank

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion.The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly engineers. It also expanded its scope to Germany and Singapore.

Blockdaemon is a leader in the crypto space, offering users node operations and infrastructure tooling for blockchain projects. The company supports numerous networks, including Ethereum, Bitcoin, Solana, Polkadot, Terra, Cardano, Cosmos, and more through its Blockdaemon Marketplace. Nagraj Kashyap – Managing Partner at SoftBank Investments Advisers – opined that the expansion of the digital asset industry requires “secure, critical infrastructure.”

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