Blockdaemon secures four new investors—Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth—to fuel its blockchain infrastructure expansion. The company, specializing in institutional-grade node management and staking, raises $207 million in a Series C round, achieving a $3.25 billion valuation. Blockdaemon continues scaling its operations to support the growing blockchain economy.
Blockdaemon acquires Gem, a crypto on-ramp provider, to expand its infrastructure services. The deal strengthens Blockdaemon’s position in facilitating fiat-to-crypto transactions for institutional and retail users. Terms of the acquisition remain undisclosed.
Gem secures **$7.1 million in Series A funding**, marking the first formal blockchain investment round of 2016. The company’s customizable blockchain platform transforms data management into a cross-industry application, appealing to investors in the growing ecosystem. Magister Advisors reports blockchain and bitcoin funding exceeded **$1 billion since 2013**, with projections for further growth in 2017.
Gem, a Bitcoin development platform based in Venice, secures $7.1 million in Series A funding. The capital injection supports further expansion of its blockchain infrastructure tools for developers.
