Fundraising Fox

Blockdaemon

also invests · investor profileUnicorn · $3.3BPlug and Play Ventures

Los Angeles, US · Delaware corporation · 202 employees on LinkedIn · 32 known investors

Blockdaemon provides blockchain infrastructure services including staking, node deployment, APIs, and wallet management across 60+ protocols for financial institutions and developers. The company serves institutional customers globally with secure, scalable access to blockchain networks.

Also known as Blockdaemon Inc.

Founders & leadership

KRKonstantin Richter
Konstantin RichterinCEO and Founder

Board

ESEd Sim
Ed Simin𝕏Board directorGeneral Partner at Boldstart Crow
GBGil Beyda
Gil Beydain𝕏Board directorFounder at Genacast Ventures

Investors · 32

Also in the syndicate · 5

Galaxy DigitalKraken VenturesMorgan Creek DigitalSoftBank Vision Fund 2Tiger Globallead

Reported raises · per SEC filings

Form D private placements

$581.4M disclosed across 7 of 10 rounds · 2017–2022

$33.1MraisedAug 2022 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Cecily MAkExecutive Officer
  • Ed SimDirector
  • Nagraj KashyapDirector
  • Gil BeydaDirector
  • Konstantin RichterExecutive Officer, Director
Offering amount
$33.1M
Amount sold
$33.1M
Finders' fees
$750.9K
First sale
Jul 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32MraisedApr 2022 · 47 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Cecily MakExecutive Officer
  • Konstantin RichterExecutive Officer, Director
  • Ed SimDirector
  • Nagraj KashyapDirector
  • Gil BeydaDirector
Offering amount
$32M
Amount sold
$32M
Finders' fees
$390K
First sale
Mar 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$169MraisedFeb 2022 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Cecily MakExecutive Officer
  • Ed SimDirector
  • Navraj RaiDirector
  • Gil BeydaDirector
  • Konstantin RichterExecutive Officer, Director
Offering amount
$211.7M
Amount sold
$169M
First sale
Jan 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$169MraisedFeb 2022 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gil BeydaDirector
  • Konstantin RichterExecutive Officer, Director
  • Ed SimDirector
  • Navraj RaiDirector
  • Cecily MakExecutive Officer
Offering amount
$211.7M
Amount sold
$169M
First sale
Jan 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$137.7MraisedSep 2021 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gil BeydaDirector
  • Cecily MakExecutive Officer
  • Ed SimDirector
  • Konstantin RichterExecutive Officer, Director
  • Navraj RaiDirector
Offering amount
$155M
Amount sold
$137.7M
First sale
Sep 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$35.5MraisedJul 2021 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ed SimDirector
  • Konstantin RichterExecutive Officer, Director
  • Gil BeydaDirector
Offering amount
$35.5M
Amount sold
$35.5M
First sale
May 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5.1MraisedMay 2020 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ed SimDirector
  • Gil BeydaDirector
  • Konstantin RichterExecutive Officer, Director
Offering amount
$5.7M
Amount sold
$5.1M
First sale
Apr 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$3.3Bvaluation at Series CJan 2022
filing ↗
$1.3Bvaluation at Series BSep 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Blockdaemon is a blockchain infrastructure company that provides financial institutions and developers with a single integration point for accessing public blockchain networks. Its product set spans dedicated and cloud nodes, RPC and REST APIs, indexing and chain-monitoring data services, staking (including liquid staking and restaking), MPC-based wallets and vaults (Institutional Vault, Builder Vault, Enterprise KMS), stablecoin mint/burn and settlement workflows, tokenization lifecycle management, and DeFi/RWA yield products. The company states it secures over $110 billion in digital assets, serves 400+ institutional customers, and supports 60-80+ protocols.

The platform is delivered on multi-cloud and bare-metal infrastructure with more than 10 tier-1 hosting partners (including Google, Amazon, and IBM), 70+ global points of presence, Tier 3 data centers across six continents, 70+ terabit DDoS protection, and a stated 99.9% uptime target. Blockdaemon reports 250,000+ nodes launched and 800+ REST and RPC endpoints processing over 100 billion on-chain requests. Compliance and security positioning includes ISO 27001 certification, SOC 2 Type II compliance, OFAC compliance, non-custodial products, 100% slashing-risk coverage, and participation in the Node Operator Risk Standard (NORS) development group.

Customer segments described by the company include banks and payment processors, asset managers and ETF issuers, exchanges and qualified custodians, other infrastructure providers, and crypto/fintech venture funds whose portfolio companies use its node, staking, and data infrastructure.

Founding story

According to the company, Blockdaemon originated from CEO and founder Konstantin Richter's experience of the complexity of running Ethereum nodes in 2017, and the absence of adequate infrastructure and tooling to support blockchain deployment, which led to building a managed infrastructure platform.

Business model

Blockdaemon sells managed blockchain infrastructure and digital asset services to institutions, including node deployment and management, API and data access, staking and validator operations, MPC wallet/key management, and tokenization and stablecoin infrastructure, with customizable and on-premise deployment options and enterprise SLAs.

Traction

Company-reported figures include $110B+ in assets secured, $10B+ staked on Blockdaemon validators, 400+ institutional customers, 60-80+ protocols supported, 250,000+ nodes launched, 800+ REST and RPC endpoints, 100 billion+ on-chain requests processed, and 70+ global points of presence. At the time of its Series B the company reported a 70x increase in valuation, a 20x increase in revenue, and a 5x increase in headcount over the prior year, with 10,000+ ETH 2.0 validators launched in six months and an average of more than $10B in staked assets across 40+ protocols.

Latest developments

In May 2025 Blockdaemon acquired expand.network, and in June 2025 it achieved SOC 2 Type II compliance. Recent positioning emphasizes an institutional digital asset platform covering tokenization, stablecoin mint/burn and settlement rails, MPC wallets with a policy engine and on-premise deployment, and DeFi/RWA yield products, with 400+ institutions and $110B+ in assets secured.

Full profile — market position, technology, go-to-market, geography, history

Market position

The company describes itself as the world's largest blockchain infrastructure company for node management and staking and the largest independent blockchain infrastructure platform for institutions; at its Series B it said it operated over 12,000 ETH 2.0 validators, making it the largest operator in that space. Its 2021 Series B was described as the largest round for a blockchain node infrastructure provider to date.

Blockdaemon positions itself as the only ISO 27001-certified independent staking provider, combining SOC 2 Type II compliance, OFAC/NORS compliance, non-custodial products, 100% slashing-risk coverage, audited financials, four layers of security protection, and deep coverage of the networks where institutions converge rather than breadth alone.

Technology

Managed node infrastructure across cloud and bare-metal deployments with dynamic traffic optimization, automated security patching, high-availability clusters with redundant machines and failovers, and geographically distributed Tier 3 data centers. Data services include deep indexing, RPC/REST APIs, and chain monitoring. Transaction services use multi-party computation (MPC) key management with an enforced policy engine, institutional governance controls, and on-premise deployment options. Staking products include validators, liquid staking, restaking, staking APIs, and reporting APIs.

Go-to-market

Direct enterprise sales to institutions via demo requests and contact-based engagement, supported by a partnership program, foundation relationships, and partnerships with crypto and fintech venture funds that route portfolio companies to its infrastructure; the company also publishes documentation, case studies, and interactive product demos.

Financial institutions and banks, asset managers and ETF issuers, exchanges, custodians, payment processors, financial market infrastructure providers, crypto-native platforms, venture funds, and developers.

Geography

Headquartered in Los Angeles, California, with the original entity established in San Francisco (2017). Offices include Galway (2018), London (July 2023), Singapore (September 2023), and New York City and Newcastle (November 2024), plus an entity established under registration of the Abu Dhabi Global Market (May 2024). Infrastructure spans six continents with 70+ global points of presence.

History

Blockdaemon Inc. was established in San Francisco in October 2017 and joined the Plug and Play incubator while raising a seed round in November 2017. Its self-service node platform went live in February 2018, followed by a Galway office in May 2018 and an API suite launch in March 2020. The company acquired Lunie (February 2021), Anyblock Analytics (November 2021), Gem (March 2022), Sepior (July 2022), and expand.network (May 2025). It raised a $28M Series A (June 2021), $155M Series B (September 2021), and $207M Series C (January 2022), expanded into APAC (February 2022) and EMEA (March 2022), launched liquid staking (March 2022) and wallets and vaults (April 2023), and achieved ISO 27001 certification (July 2022) and SOC 2 Type II compliance (June 2025).

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Assets securedJan 2026$110B
Assets staked on Blockdaemon validatorsJan 2026$10B
DDoS protection capacityJan 202670 terabit
EmployeesMar 2026500 employees
ETH 2.0 validators operatedSep 202112,000 validators
Global points of presenceJan 202670 locations
Headcount growth (year over year)Sep 20215x increase in headcount
Institutional customersJan 2026400 customers
Nodes launchedJan 2026250,000 nodes
On-chain requests processedJan 2026100,000,000,000 requests
Protocols supportedJan 202670 protocols
REST & RPC endpointsJan 2026800 endpoints
Revenue growth (year over year)Sep 202120x increase in revenue
Tier-1 cloud & bare metal partnersJan 202610 partners
UptimeJan 202699.9%
ValuationJan 2022$3.3B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Coinbase115 shared keywordsCoinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers. The company operates a full-stack infrastructure including secure custody, liquidity services, stablecoin infrastructure, and global settlement rails.
CoinGecko94 shared keywordsCoinGecko is the world's largest independent cryptocurrency data aggregator, providing comprehensive market data including price, volume, and market capitalization across thousands of cryptoassets. It serves millions of users globally with tools, research, and APIs for cryptocurrency market analysis and insights.
Alchemy75 shared keywordsAlchemy is a platform layer that enables developers to build applications on blockchain networks. The company provides infrastructure and APIs to simplify blockchain development for a global audience.
Ledger71 shared keywordsLedger provides hardware and software cryptocurrency wallet solutions that enable users to buy, swap, earn, and manage digital assets with security features and portfolio tracking capabilities across multiple blockchain networks.
Kraken70 shared keywordsKraken 360 Investments provides capital and launch infrastructure to blockchain protocols in pre-token and early post-token phases, offering custody, staking, treasury, and liquidity services alongside fundraising support.
Quicknode55 shared keywordsQuicknode provides blockchain infrastructure services that enable developers and enterprises to build and deploy decentralized applications across multiple blockchains. The platform offers fast, reliable node access and developer tools for Web3 projects ranging from wallets and Layer 1 protocols to gaming and fintech applications.
Blockchain53 shared keywordsBlockchain.com is a global infrastructure platform for digital assets that provides cryptocurrency trading, DeFi wallet services, and blockchain exploration tools to millions of users worldwide.
Figment50 shared keywordsFigment is an independent provider of staking infrastructure, offering non-custodial staking, reward tracking, API integrations, and slashing protection to institutional clients such as asset managers, exchanges, wallets, foundations, and custodians. It supports proof-of-stake digital assets including Ethereum and Solana within the Web3 ecosystem.
CryptoRank50 shared keywordsCryptorank is a data platform that tracks and publishes information on cryptocurrency funding rounds, project valuations, and investment activity. It aggregates and verifies funding data from public sources for the crypto market.
Crypto49 shared keywordsCrypto.com operates a cryptocurrency exchange and digital asset platform serving 150 million users across 90 countries, with a mission to accelerate global adoption of cryptocurrency.

Companies competing with Blockdaemon for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 25

launches, deals, and filings
Jun 2025
Achieved SOC 2 Type II compliance

source ↗

May 2025
Acquired expand.network

source ↗

Nov 2024
Opened New York City and Newcastle offices

source ↗

Aug 2024
Joined Node Operator Risk Standard (NORS) Development Group

source ↗

May 2024
Established entity under registration of Abu Dhabi Global Market

source ↗

Sep 2023
Singapore office opens

source ↗

Jul 2023
London office opens

source ↗

Apr 2023
Wallet and Vaults launch

source ↗

Jul 2022
Acquired Sepior

source ↗

Jul 2022
Achieved ISO 27001 certification

source ↗

Mar 2022
Acquired Gem

source ↗

Mar 2022
Expanded into EMEA

source ↗

Mar 2022
Liquid Staking launches

source ↗

Feb 2022
Expanded into APAC

source ↗

Jan 2022
Blockdaemon raises $207M Series C at $3.25B valuation

Series C led by Sapphire Ventures and Tiger Global (the announcement also references Stripes as leading the round), with participation from SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management, Lerer Hippeau, Kenetic, and new investor Galaxy Digital.

$207M source ↗

Jan 2022
Partnership with StakeWise for KYC-only institutional liquid staking

Announced alongside the Series C: a partnership to build an Ethereum-hosted liquid staking solution using derivative tokens for compliant DeFi use cases, plus a strategic investment in Obol Labs and the launch of a DeFi Fund and CeFi solutions.

source ↗

Nov 2021
Acquired Anyblock Analytics

Anyblock Analytics is an infrastructure platform providing APIs, on-chain analytics tools, monitoring and NFT offerings.

source ↗

Sep 2021
Blockdaemon raises $155M Series B at $1.255B valuation

Round led by SoftBank Vision Fund 2 with participation from Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital; existing seed investors including Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital and Lerer Hippeau increased their investments. Proceeds earmarked for team expansion in Singapore, Japan, the UK and Germany, acquisitions, and compliance functions.

$155M source ↗

Jun 2021
Blockdaemon raises $28M Series A

$28M source ↗

Feb 2021
Acquired Lunie

Lunie is a staking and governance platform for proof-of-stake cryptocurrencies.

source ↗

Mar 2020
API Suite launches

source ↗

May 2018
Galway office opens

source ↗

Feb 2018
Self-service node platform goes live

source ↗

Nov 2017
Seed round raised; joined Plug and Play incubator

source ↗

Oct 2017
Blockdaemon Inc. established in San Francisco

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
BlockdaemonDelaware

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Blockdaemon do?
Institutional blockchain infrastructure provider offering nodes, APIs, staking, MPC wallets, and tokenization services.
Who founded Blockdaemon?
Blockdaemon was founded by Konstantin Richter.
Who are Blockdaemon's investors?
Blockdaemon's investors include 10SQ Capital (TenSquared), Amplify.LA, Aurum Venture Partners, Baroda Ventures, Blockchain Coinvestors, boldstart ventures, Borderless Venture, CoinFund and 19 more.
How much funding has Blockdaemon raised?
Blockdaemon has disclosed $581.4M raised across 7 of its 10 known rounds.
Where is Blockdaemon headquartered?
Blockdaemon is headquartered in Los Angeles, US.