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

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 it commanded a $3.25 billion post-money valuation 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.
The firm provides back-end support for projects across a number of blockchains. Services include everything from node operations to staking as a service.
Earlier Wednesday crypto exchange FTX US announced a $400 million funding round that valued the firm at $8 billion.

This is a developing story and will be updated.