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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2022\/07\/20\/crypto-startup-blockdaemon-continues-acquisition-spree-buying-sepior\/<\/a><\/br> Crypto infrastructure provider Blockdaemon<\/a> has acquired Danish startup Sepior<\/a>, a digital asset security company providing key management services for institutional clients, for an undisclosed price. The deal marks the startup\u2019s fourth acquisition in two years, the latest of which was Blockdaemon\u2019s purchase of fiat-to-crypto onramp Gem.com in March of this year.<\/p>\n The crypto markets have been trending downward since April, and web3 companies are cash-strapped as a result. So seeing Blockdaemon, a venture-backed crypto startup, dole out cash to continue its inorganic growth strategy is somewhat unexpected.<\/p>\n To be sure, it is a well-capitalized company scooping up a startup at an opportune time, in part because valuations across the board are down. Blockdaemon last raised funding from its investors in January, bringing in $207 million at a $3.25 billion post-money valuation. Even if its own business has felt the effects of the market downturn, Sepior may have, too, meaning Blockdaemon might have picked it up at a significant discount.<\/p>\n Blockdaemon also appears to be growing rapidly, another sign it can afford to make bold moves in a perilous market. The first and second quarters of the year were \u201crecord\u201d periods for the company\u2019s sales growth, founder and CEO Konstantin Richter told TechCrunch in an exclusive interview.<\/p>\n
\nCrypto startup Blockdaemon continues acquisition spree, buying Sepior<\/br>
\n2023-01-20 22:26:52<\/br><\/p>\n