Blockstream develops enterprise-grade infrastructure for Bitcoin and related technologies. Its product portfolio includes blockchain data services, hardware wallets, mining solutions, and global Bitcoin network access via satellite transmission.
The company plays a central role in advancing Bitcoin scalability, security, and decentralization through both commercial and open-source initiatives.
What Is Blockstream and What Does It Do?
Blockstream, founded in 2014, is a Montréal-based (Canada) blockchain infrastructure company.
The company builds Bitcoin-focused products including Blockstream Satellite, Liquid Network, Core Lightning, enterprise mining services, and hardware wallets for Bitcoin and liquid assets.
Blockstream employs 100 employees, supporting developers, enterprises, and institutions building on Bitcoin worldwide.
How Much Funding Has Blockstream Raised?
1. Seed Round
- Amount Raised: $21M
- Lead Investors: Reid Hoffman, Real Ventures
- Motivation: To establish Bitcoin-focused R&D and open-source protocol development.
2. Series A
- Amount Raised: $55M
- Lead Investors: Horizons Ventures, Digital Garage
- Motivation: To scale product development and expand Bitcoin infrastructure services.
3. Series B
- Amount Raised: $25M
- Lead Investors: DG Daiwa Ventures
- Motivation: To strengthen enterprise offerings and global partnerships.
4. Series B
- Amount Raised: $210M
- Lead Investors: Baillie Gifford, Bitfinex
- Motivation: To expand Bitcoin mining, Liquid Network, and institutional products.
5. Series B
- Amount Raised: $125M
- Lead Investors: Kingsway Capital, Fulgur Ventures
- Motivation: To support large-scale mining and infrastructure growth.
6. Series C
- Amount Raised: $210M
- Lead Investors: Fulgur Ventures
- Motivation: To accelerate Bitcoin-native financial infrastructure and enterprise services.
Total Funding Raised: $651 Million
Current Valuation: $3.2 Billion (as of Aug 2021)
Latest Funding Date: October, 2024
Key Investors
1. Fulgur Ventures
- Details: Venture firm focused on Bitcoin and Lightning Network infrastructure.
- Investment Focus Areas: Bitcoin infrastructure, layer-2 technologies.
- Notable Investments: Blockstream, Relai, Zebedee.
2. Baillie Gifford
- Details: Global investment management firm known for long-term growth investing.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Blockstream, Tesla, Amazon.
3. AXA Venture Partners
- Details: Venture capital arm backed by AXA, investing in high-growth technology companies.
- Investment Focus Areas: Fintech, enterprise software, digital infrastructure.
- Notable Investments: Blockstream, Zenjob, Happytal.
4. Digital Garage
- Details: Japanese technology and investment company with strong blockchain exposure.
- Investment Focus Areas: Blockchain, fintech, digital platforms.
- Notable Investments: Blockstream, Twitter, LinkedIn.
Where Is Blockstream’s Headquarters?
Blockstream is headquartered in Montréal, Canada, operating globally across North America, Europe, and Asia.
What’s Next for Blockstream?
Blockstream is positioned to benefit from growing institutional Bitcoin adoption. The company is expected to expand its layer-2 offerings, Bitcoin treasury services, and mining infrastructure while strengthening the Liquid Network as tokenization and Bitcoin-native finance continue to scale.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Blockstream. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.