Company Overview
Snapshot
Founded in June 2018 by Uri Klarman, Eyal Markovich, and Aleksandar Kuzmanovic, bloXroute Labs operates with 51–200 employees. The company has raised $90.55 million across 5 funding rounds from 18 investors. In April 2022, bloXroute Labs secured a Series B funding round led by SoftBank Vision Fund 2.
Business overview
bloXroute Labs is a blockchain technology company that offers a network infrastructure solution designed to enhance the performance, scalability, and security of blockchain networks. Its core product, the Blockchain Distribution Network (BDN), facilitates faster and more efficient propagation of blocks and transactions between nodes. This proprietary technology enables blockchains to process a higher volume of transactions per second while preserving decentralization and security. The company primarily serves the Fintech & Insurtech sector, specifically targeting areas like Trading & Investing and Money Transfer & Management, with a focus on enterprises and software development in the financial services industry.
Strategic signal
In April 2022, bloXroute Labs completed a $70 million Series B funding round led by SoftBank Vision Fund 2, achieving a valuation of $410 million. This significant investment validates the company's approach to solving blockchain scalability issues and signals strong investor confidence in its Blockchain Distribution Network (BDN) technology. The funding is poised to accelerate bloXroute's expansion, particularly in supporting decentralized finance (DeFi) traders on major blockchain networks like Ethereum, Polygon, and BSC, indicating a strategic move to solidify its position in the Web3 infrastructure market.
Log in to access full profile ›Company Intelligence Q&A
- What was bloXroute Labs' most recent funding round?
- In April 2022, bloXroute Labs completed a Series B funding round. The round was led by SoftBank Vision Fund 2 and joined by RockawayX.
- What was the valuation of bloXroute Labs following its April 2022 funding round?
- Following its April 2022 funding round, bloXroute Labs achieved a valuation of $410 million.
- Which investors participated in bloXroute Labs' July 2021 funding round?
- In July 2021, bloXroute Labs received funding from Alameda Research and Dragonfly Capital.
- Who were the co-founders of bloXroute Labs?
- bloXroute Labs was co-founded by Uri Klarman, Eyal Markovich, and Aleksandar Kuzmanovic.
- Which investors participated in bloXroute Labs' March 2019 funding round?
- In March 2019, bloXroute Labs received funding from 1Confirmation and Fenbushi Capital.