# Crypto Infrastructure Firm Blockdaemon Raises $207M at $3.25B Valuation - boldstart ventures

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News · 2022-01-27

# Crypto Infrastructure Firm Blockdaemon Raises $207M at $3.25B Valuation

![Crypto Infrastructure Firm Blockdaemon Raises $207M at $3.25B Valuation](/wp-content/uploads/2022/01/Screen-Shot-2022-01-28-at-7.46.34-AM.png)

Sapphire and Tiger Global led the latest round, which follows a $155 million Series B last September.

The unicorn valuations are still here despite the crypto market’s current sea of red, with Blockdaemon being the latest example.

[The blockchain infrastructure firm said Wednesday](https://www.businesswire.com/news/home/20220126005962/en/Blockdaemon-Raises-207-Million-Series-C-at-3.25B-Post-Money-Valuation) it commanded a $3.25 billion [post-money valuation](https://www.investopedia.com/terms/p/postmoneyvaluation.asp) after a $207 million Series C led by Sapphire and Tiger Global. Blockdaemon had been valued at $1.3 billion in its [September 2021 Series B](https://www.coindesk.com/business/2021/09/21/blockchain-infrastructure-firm-blockdaemon-nabs-13b-valuation-in-155m-funding-round/). Earlier Wednesday, [crypto exchange FTX US](https://www.coindesk.com/business/2022/01/26/ftx-us-attains-8b-valuation-in-400m-fundraise-including-softbank-temasek-report/) announced a $400 million funding round that valued the firm at $8 billion.

Blockdaemon provides backend support for projects across a number of blockchains, with services that include everything from node operations to staking as a service.

“The digital asset class is here to stay, especially as financial services and publicly traded companies continue to enter the fray,” Sapphire’s Jai Das said in a statement, pointing to the need for secure, albeit unsexy, infrastructure support for “compliant and scalable participation in Web3/DeFi.”

Read more – [Coindesk](https://www.coindesk.com/business/2022/01/26/crypto-infrastructure-firm-blockdaemon-raises-207m-at-325b-valuation/)

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