Diligence memo · auto-generated · as of July 2, 2026
Blockdaemon Inc.
Blockdaemon Inc. has raised $412M over 6 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Blockdaemon Inc. operates in Crypto / Web3, based in LOS ANGELES. Trusted by 400+ institutions to launch, secure, and scale digital asset products across custody, tokenization, staking, payments, and settlement.
Sub-sector tags: crypto/web3, fintech.
Capital & rounds (filed)filed
Blockdaemon Inc. has raised $412M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $177M on 2022-01-19.
Most recent recorded round closed around 2022-07-15.
Valuation (modeled)modeled
Provath models Blockdaemon Inc. at approximately $667M (range $154M–$1.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
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.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Crypto / Web3 peers (196 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Applied Blockchain, Inc., Dapper Labs Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.