Blockdaemon Inc., a distributed ledger blockchain infrastructure node management startup, today announced it closed a $28 million funding round led by Greenspring Associates.

The Series A round was joined by cryptocurrency lender BlockFi Lending LLC, Goldman Sachs, Warburg Serres, Uphold Inc., Voyager Digital Ltd., Illuminate Financial and Hard Yaka.

“This funding represents a significant milestone for Blockdaemon,” said Konstantin Richter, founder and chief executive of Blockdaemon. “This round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe.”

In the past year, Blockdaemon has significantly increased its team’s headcount and appointed Cecily Mak as its chief operating officer and Demetrios Skalkotos as global senior vice president of sales.

Blockdaemon provides blockchain node management infrastructure to scale and deploy nodes with security and monitoring both in the cloud and on-premises. It’s designed to allow businesses and organizations of any size to roll out their own blockchains and operate nodes, which store and preserve blockchain data.

Node infrastructure and monitoring, and its attendant health and scalability support, is important to exchanges, custodians, cryptocurrency platforms, financial institutions and developers to connect apps, users and more to blockchains.

“As the trusted gateway to the blockchain industry for financial institutions of all sizes, Blockdaemon simplifies the complicated, time-consuming and costly node management process by providing enterprises with the best-fit node configurations that allow them to rapidly scale up operations,” said Richter.

The company’s infrastructure supports over 40 cutting-edge blockchain networks including Ethereum, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin and the Lightning Network in the cloud and on-premise.

Over the past year, Blockdaemon has deployed more than 10,000 nodes across 40 blockchain networks and 20 global regions.

“Blockdaemon has demonstrated that enterprises need a simple way to build secure blockchain infrastructure,” said Hunter Somerville, general partner of Greenspring Associates.

Image: Pixabay, Blockdaemon