附近上门

When San Francisco-based closed a $250 million series C in October, the blockchain development platform became the latest crypto-corn at a $3.5 billion valuation.

However, it was far from done.

The company just announced a new $200 million 鈥淪eries C-1鈥� in a new round of financing led by and that nearly triples its valuation鈥攖o $10.2 billion鈥攊n less than four months.

So what exactly does the company do? Well, some bill it as the of blockchain in the sense that it provides tools and hosting for those wanting to transact on blockchain and Web3鈥攋ust as did for those that wanted hosted businesses on the cloud.

It鈥檚 basically a big infrastructure play for decentralized applications鈥攁nd investors love big infrastructure plays anywhere.

鈥淲e believe we鈥檙e just in the first inning of Web3 and blockchain, and we鈥檒l be using this new round of financing to double down and continue to invest in the ecosystem that we all share,鈥� said , co-founder and CEO, in a post.

Founded in 2017, the company has now raised nearly $564 million, according to 附近上门 data. While that number is eye-catching alone, the data also shows that venture-backed companies in the blockchain sector as a whole have now raised $2.7 billion just since the start of the year.

With valuations tripling in four months, maybe it shouldn鈥檛 be that surprising.

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