Blockstream Secures $21 Million in Seed Funding on November 17, 2014

According to media reports, Blockstream secured $21 million in seed funding on November 17, 2014. The round was backed by Ethereal Ventures, Khosla Ventures, Reid Hoffman, Blockchain Capital, Ribbit Capital, Mosaic Ventures, Future Perfect Ventures, AME Cloud Ventures, Max Levchin, and Nicolas Berggruen. Following this round, Blockstream’s total cumulative funding reached $637.1 million.Founded in 2014, Blockstream is a leading blockchain development firm focused on building next-generation infrastructure for traditional financial systems. The company’s core business centers on Bitcoin sidechains and related blockchain applications. Key technologies include its proprietary implementation of the Lightning Network protocol and the open-source sidechain blockchain platform Elements Project.Blockstream’s growth trajectory has been notably strong. After the seed round, the company completed a $55 million Series A in 2016 and a $210 million Series B in August 2021. Blockstream has launched several major products, including the Liquid inter-exchange settlement network based on Bitcoin, the secure Bitcoin wallet Blockstream Green, and services providing real-time and historical cryptocurrency trading data. The company also operates Bitcoin mining hosting services.Amid rapid advancements in blockchain infrastructure, Blockstream’s technical innovation and product portfolio have provided reliable blockchain solutions for traditional financial institutions and made significant contributions to industry development. As the company continues to grow and innovate, its influence in driving the commercial adoption of blockchain technology is expected to further expand.