Blockdaemon announces $3.275M seed round led by Comcast Ventures

Blockdaemon, a blockchain platform that provides easy deployment, connection and management of nodes, today announced a $3,275,000 seed round investment led by Comcast Ventures with participation from Boldstart Ventures, MState, Plug & Play, Liquid 2 Ventures and angels Meagan Jones (seed investor Bitfury), Sam Lessin (Ex-Facebook), and Jeff Fagnan from Accomplice.

Gil Beyda

“The global blockchain market is expected to grow significantly over the next few years as wide-ranging industries begin to understand the potential,” said Comcast Ventures managing director and founder and managing partner of Genacast Ventures Gil Beyda. “We are excited to support Blockdaemon as it simplifies the adoption of this versatile technology while empowering developers to create real value.”

Mr. Beyda joins the board of Blockdaemon as part of the investment.

“Currently, the process for launching new blockchain projects is expensive and complicated,” said Konstantin Richter, CEO and founder of Blockdaemon.  “Thousands of companies and corporations around the world want to get started in blockchain but don’t know how. With the Blockdaemon platform, companies can now launch new permission blockchain projects in minutes instead of months. Offering public node deployment tools ensures we give back to the community we came from crypto-enthusiasts.”

Blockdaemon is launching its public deployment tool for Ethereum and Bitcoin nodes, which allows them to be deployed and connected to MIST or MyEtherWallet, and paid for by Bitcoin, Ether, Zcash, and other cryptocurrencies. This service runs on Blockdaemon’s own infrastructure and is offered at a 90 per cent discount in comparison to other cloud providers. A website that allows payment in crypto for deployment of nodes has been one of the main requests made by developers in the blockchain space over the last few years.

“Developer productivity in large enterprises is a major factor in driving innovation and key to that is making infrastructure invisible,” said Ed Sim, managing partner at Boldstart Ventures and Blockdaemon board member, “Blockdaemon’s nodes as a service is a first of its kind platform in the blockchain market, allowing developers to deploy nodes on any blockchain on any cloud in minutes instead of weeks and months. Combine that with the ability to scale and you have a winning solution for the long-term.”