Companies · Crypto / Web3

Blockdaemon Inc.

LOS ANGELES · Crypto / Web3 · refined from filed group “Other Technology · https://www.blockdaemon.com/

Diligence memoA one-page analyst read on Blockdaemon Inc. — recommendation, valuation, rhythm, risks.
$412.4M
Total raised · real
6
Rounds
1.0×
Latest step-up
Top 5%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jul 15 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Blockdaemon Inc. has raised $412M over 6 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 4.0 yr ago; this sector typically re-raises about every 7 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Crypto / Web3

Blockdaemon Inc. is one of 196 Crypto / Web3 companies tracked from LOS ANGELES. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Trusted by 400+ institutions to launch, secure, and scale digital asset products across custody, tokenization, staking, payments, and settlement.

Trusted by 400+ institutions to launch, secure, and scale digital asset products across custody, tokenization, staking, payments, and settlement. The digital asset backbone for secure, policy‑driven transactions Self‑hosted MPC wallet for institutional hot and cold storage Build a custom web3 wallet, on-prem or cloud-based Enterprise key custody with granular governance controls DeFi Vaults, Stablecoin Earn, Public & Private ETH Vaults, Earn & DeFi Yield, Aave Lending integration Vaults, PRR Optimization, Morpho/Gauntlet Vaults, Swap & Bridge API Low latency, institutional blockchain data Audit-ready reporting for staking rewards and tokenized vault analytics Pre‑indexed on‑chain data for faster querying and analytics Push-based event streams for real‑time on‑chain activity APIs to aggregate, normalize, and export blockchain data sets MPC Signer, Gas Station, Policy Engine, Control Plane, On-Prem Transaction Crafting & Signing, Agentic Wallets, Clear signing Blockchain nodes and validators delivered as a managed service High‑availability node clusters with automated scaling and failover Analytics and alerts on network health, performance, and risks Guided framework for issuing, man

crypto/web3fintech
Find Blockdaemon online

Trades publicly as Blockdaemon.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
21
Investors (latest)
2022-07-15
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2020-04-29 Raised $5.1M (real) Modeled valuation $170M (est)Series A2020Series B · 2021-05-17 Raised $36M (real) Modeled valuation $911M (est)Series B2021Series D+ · 2021-09-21 Raised $138M (real) Modeled valuation $3.6B (est)Series D+2021Series D+ · 2022-01-19 Raised $177M (real) Modeled valuation $4.2B (est)Series D+2022Series D+ · 2022-01-19 Raised $169M (real) Modeled valuation $4.0B (est)Series D+2022Series D+ · 2022-01-19 Raised $169M (real) Modeled valuation $4.0B (est)Series D+2022Series D+ · 2022-03-07 Raised $32M (real) Modeled valuation $721M (est)Series D+2022Series D+ · 2022-07-15 Raised $33M (real) Modeled valuation $666M (est)Series D+2022+$36M+$138M+$177M+$169M+$169M+$32M+$33MCumulative $758M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$5.1M · 2020
Series B$35.5M · 2021
Series D+$137.7M · 2021no Series C on file
Series D+ extension$177.0M · 2022
Series D+ extension$169.0M · 2022
Series D+ extension$169.0M · 2022
Series D+ extension$32.0M · 2022
Series D+ extension$33.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$666.2M
Base estimate est.
$153.7M
Conservative case
$1.2B
Upside case
$275.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the crypto/web3 sector profile. Directional, not a quoted figure.

Series A · modeled $170.2M · 2020-04-292020Series B · modeled $910.5M · 2021-05-17Series D+ · modeled $3.6B · 2021-09-21Series D+ · modeled $4.2B · 2022-01-19Series D+ · modeled $4.0B · 2022-01-19Series D+ · modeled $4.0B · 2022-01-19Series D+ · modeled $720.8M · 2022-03-07Series D+ · modeled $666.2M · 2022-07-152022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
70%
Survival probability
56% low · 77% high
1.37×/yr
Annual markup
1.53×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
crypto/web3
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$186.6M/yr
Capital velocity
6.2 yr
On record since
2020
First round
8
Rounds on file
How it compares to the market

Benchmarked against 196 companies in Crypto / Web3. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 118× above median
This company$412.4M
Sector median$3.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$33.1M
Sector median$160.0M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$666.2M
Sector median$53.0M

Raised more than 96% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Applied Blockchain, Inc. · Series D+ Raised $210.6M · modeled $1.6B (est)Dapper Labs Inc. · Series D+ Raised $668.4M · modeled $106.6M (est)Blockdaemon Inc. (this company) Raised $412.4M · modeled $666.2M (est)Blockdaemon Inc.
CompanyStageRaised · realValue · estvs peer med.
Applied Blockchain, Inc.Series D+$210.6M$1.6B2.47×
Blockdaemon Inc. this companySeries D+$412.4M$666.2M1.00×
Dapper Labs Inc.Series D+$668.4M$106.6M0.16×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$5.1M2020-04-29$23.1M$170.2M90%
Series B$35.5M2021-05-17$197.5M$910.5M90%
Series D+$137.7M2021-09-21$1.1B$3.6B90%
Series D+$177.0M2022-01-19$1.5B$4.2B90%
Series D+$169.0M2022-01-19$1.4B$4.0B90%
Series D+$169.0M2022-01-19$1.4B$4.0B90%
Series D+$32.0M2022-03-07$266.7M$720.8M90%
Series D+$33.1M2022-07-15$275.6M$666.2M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$5.1M2020-04-29
    • First recorded raise — entered as Series A.
    • 18 investors on this round.
  2. Series B$35.5M2021-05-17
    • Raised again after 13 mo — slower than the ~7 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • 27 investors on this round.
  3. Series D+$137.7M2021-09-21
    • Raised 4 mo later, in step with the ~7 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 21 investors on this round.
  4. Series D+$177.0M2022-01-19
    • Came back fast: 4 mo vs the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  5. Series D+$169.0M2022-01-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  6. Series D+$169.0M2022-01-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
  7. Series D+$32.0M2022-03-07
    • Came back fast: 2 mo vs the ~7 mo sector norm.
    • Round 5.3× smaller than the prior — bridge or down round.
    • 47 investors on this round.
  8. Series D+$33.1M2022-07-15
    • Raised 4 mo later, in step with the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 21 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~4mo cadence
$34.2M
Modeled next size est.range $33.1M$54.7M
1.0×
Last step-up
$186.6M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Gil Beyda9 other2020-04
Ed Sim6 other2020-04
Nagraj Kashyap4 other2022-03
Cecily Mak2 other2021-09
Konstantin Richter2020-04
Navraj Rai2021-09
Registry & provenance

Blockdaemon Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1811850
SEC CIK
Recent activityActive

Discovered from blockdaemon — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Dapper Labs Inc.Crypto / Web3Series D+$668.4M$106.6Msame sector · same stage
Bluefin Topco, LlcCrypto / Web3Series D+$700.0M$14.7Bsame sector · same stage
Payward, Inc.Crypto / Web3Series D+$703.3M$1.8Bsame sector · same stage
Applied Blockchain, Inc.Crypto / Web3Series D+$210.6M$1.6Bsame sector · same stage
BigID Inc.OtherSeries C$147.6M$514.2Mnetwork2 shared operators
Cityblock Health, Inc.InsuranceSeries D+$847.8M$5.4Bnetwork1 shared operator · same stage
Circle International Bermuda LtdCrypto / Web3Growth/Late$486.2M$14.4Bsame sector
ConsenSys Software Inc.Crypto / Web3Growth/Late$600.8M$9.9Bsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Blockchain Technologies, Inc.Crypto / Web3Seed$41.5M81%
Provenance Blockchain, Inc.Crypto / Web3Series B$735.6M81%
HIVE Blockchain Technologies Ltd.Crypto / Web3Series A$397.7M81%
Blockchain Assets AI, Inc.Crypto / Web3Series A$335.0M81%
Provenance Blockchain Labs, Inc.Crypto / Web3Series B$16.1M81%
Graph Blockchain IncCrypto / Web3Seed$122.4M81%
Mega Blockchain Corp.Crypto / Web3Series A$257.2M81%
Blockchain Foundry Inc.Crypto / Web3Series A$194.0M80%
Frequently asked
How much funding has Blockdaemon Inc. raised?
Blockdaemon Inc. has raised approximately $412.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Blockdaemon Inc.'s estimated valuation?
Provath's modeled valuation for Blockdaemon Inc. is approximately $666.2M (modeled range $153.7M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Blockdaemon Inc. at?
Blockdaemon Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jul 15.
What does Blockdaemon Inc. do and where is it based?
Blockdaemon Inc. operates in the Crypto / Web3 sector, based in LOS ANGELES. Trusted by 400+ institutions to launch, secure, and scale digital asset products across custody, tokenization, staking, payments, and settlement.
Explore related

See where Blockdaemon Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Blockdaemon Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.