Funding round
Blockstream Seed
Blockstream, which works in blockchain infrastructure development in Cayman Islands, raised $21M in a Seed round announced on 17 Nov 2014, led by Khosla Ventures and Real Ventures. 8 firms took part. It is Blockstream's first venture round on record.
$21M
Amount raised
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
Blockstream did not disclose a valuation in this round. It is Blockstream's first venture round on record, in the year it was founded (2014). It is 7.3% of the $286M Blockstream has raised in the venture rounds on record. Blockstream raised again 15 months later: a Series A round of $55M in Feb 2016. Its next priced round, a Series B in Aug 2021, valued it at $3.20B.
Blockstream's funding rounds
Blockstream has 3 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 17 Nov 2014, led by Khosla Ventures and Real Ventures $21M
- Series A 3 Feb 2016, led by Horizons Ventures, AXA Strategic Ventures and Digital Garage $55M
- Series B 24 Aug 2021, led by Baillie Gifford and iFinex $210M$3.20B post-money
- Debt not a venture round 24 Jan 2023, led by Kingsway Capital $125M
- Debt not a venture round 15 Oct 2024, led by Fulgur Ventures $210M
Investors
Who put money in
Khosla Ventures and Real Ventures led the round with 6 other firms.
Lead investors
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 56 venture-backed companies new investor
Also in the round
- backs 59 venture-backed companies new investor
- Future\Perfect Ventures new investor
- Innovation Endeavors backs 110 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- AME Cloud Ventures backs 105 venture-backed companies new investor
Comparable rounds
How it compares
7 Seed rounds in Cryptocurrency within a year either side disclosed an amount; the median was $600K, and this round was 35 times the median. The closest in time, other companies' Seed rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 1 Feb 2015 | $600K | not disclosed | not named |
| Cryptocurrency | 13 Aug 2014 | $267K | not disclosed | Point Nine |
| Cryptocurrency | 1 Mar 2015 | $525K | not disclosed | not named |
| Cryptocurrency | 4 Jun 2014 | $2.0M | not disclosed | Glilot Capital |
| Cryptocurrency | 9 Sep 2015 | $1.6M | not disclosed | Digital Currency Group |
| Cryptocurrency | 2 Sep 2015 | $1.1M | not disclosed | not named |
| Cryptocurrency | 20 Jan 2014 | $400K | not disclosed | dfj |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Blockstream raise in its Seed round?
Blockstream raised $21M in its Seed round, announced in Nov 2014.
Who led Blockstream's Seed round?
Khosla Ventures and Real Ventures led it, with Blockchain Capital, Future\Perfect Ventures, Innovation Endeavors, Mosaic Ventures and Ribbit and 1 more.
What was Blockstream's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Cryptocurrency?
7 Seed rounds in Cryptocurrency within a year either side disclosed an amount; the median was $600K, and this round was 35 times the median.
Did Blockstream raise again after this round?
Yes: a Series A round in Feb 2016 of $55M.