Blockchain Infrastructure Firm BlockDaemon Raises $207M to Further Acquisitions, DeFi Fund

The round, led by Sapphire and Tiger Global, adds to the firm’s $155 million raise in September

article-image

Blockworks exclusive art by Axel Rangel

share

key takeaways

  • Following a recent raise in September, Blockdaemon has raised a further $207 million in a Series C with a post-money valuation of $3.25 billion
  • The fresh injection of capital will allow the firm to accelerate strategic acquisitions, continue to develop its product suite and to launch a DeFi fund, Blockdaemon said

Following a successful close of its Series C funding round, blockchain infrastructure firm Blockdaemon said Wednesday it has secured $207 million in fresh capital with a post-money valuation of $3.25 billion.

The round, led by Sapphire and Tiger Global, adds to the firm’s recent Series B where it raised $155 million back in September.

Despite headwinds in the crypto market, funding across major projects — including crypto staking firm Figment’s raise in December and The Sandbox parent Animoca Brands‘ raise this year — show an appetite still exists among savvy investors.

The fresh injection of capital will allow the firm to accelerate strategic acquisitions, continue to develop its product suite and to launch a decentralized finance (DeFi) fund, Blockdaemon said.

To that end, the fund will reinvest earned assets “into institutional-grade DeFi offerings” with a focus on creating centralized financial solutions for its more regulatory conscious customers.

SoftBank Vision Fund 2, which participated in Blockdaemon’s Series B last year, also participated in the round alongside Boldstart Ventures, StepStone Group, Matrix Capital Management and Lerer Hippeau.

Blockdaemon fashions itself as the “foundational layer to the blockchain industry” and provides support for the “institutional backbone” in staking and earning via nodes across more than 50 blockchains.

The firm also said it was partnering with open-source protocol StakeWise to build a liquid staking product on the Ethereum network.

“Over the last 12 months Blockdaemon has seen massive growth across all metrics and raised substantial capital to continue bridging institutions onto protocols,” said CEO and Founder of Blockdaemon Konstantin Richter in a statement.

“We remain committed to leading the way to overall network resilience and open source tooling development as this field of innovation continues to change the way value traverses the world.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (1).jpg

Research

Jupiter has emerged as the undisputed liquidity backbone of Solana, commanding over 90% of spot DEX aggregation and 80% of perp trading volume. But behind the numbers lies a far more ambitious play: a cross-chain, vertically integrated super-app spanning swaps, synthetics, NFTs, memecoins, and launchpads. This report explores Jupiter’s rapid rise, the monetization upgrades reshaping its revenue profile, and the risks that could unwind its dominance, from token dilution to competition. With annualized revenues nearing $300M, the upside is undeniable, if it can navigate the turbulence.

article-image

In recent weeks, Helium has hit new all-time highs while passing major protocol milestones

article-image

Financial advisers in a January survey said equity ETFs were their top choice for gaining crypto exposure in 2025

article-image

“Why put a target out there that’s really speculative, not knowing exactly where this environment is going to go?” CarMax CEO Bill Nash said

article-image

While the head of Base may support legal sex work, Coinbase policies prohibit said workers from using its exchange.

article-image

EVM bottlenecks fundamentally hold back Ethereum’s scalability

article-image

In 2011, WikiLeaks faced a financial blockade imposed by the US government. It was Bitcoin’s first major test.