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Blockstream

Blockstream is the leading provider of blockchain technologies, on the forefront of work in cryptography and distributed systems. Blockstream is a blockchain technology company founded in 2014, focusing on developing new infrastructure for the financial system, particularly around Bitcoin sidechains and related applications.

Seed Round: $21M

Series A Round: $55M

Series B Round: $210M / Valued 3.2 B

Funding Round: $125M

Convertible Note Financing Round: $210M

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Overview

Project industryMining / Blockchain Infrastructure / IT & Software / Layer-2 / Bitcoin Ecosystem
Product typeOrganization
FoundedCanada
WhitepaperBlockstream White Paper Open
OnepagerBlockstream Onepager Open

What is Blockstream

Blockstream’s mission is to create the financial infrastructure of the future. We build crypto-financial infrastructure based on Bitcoin, the most robust and secure blockchain.

Applying cutting-edge cryptography and security engineering, we’re building the products and networks that make financial markets more efficient by reducing reliance on trust.

With a long term outlook on delivering robust and scalable solutions, we invest heavily in research and development to strengthen the Bitcoin ecosystem and protocol. Peer-to-peer, open network finance holds the promise to change the world for the benefit of all. Blockstream is proud to be making this a reality.

Details

Raised: 610,000,000 USD

Legal

Blockchain Platform: Bitcoin
Registration country: United States
Registration year: 2014
Office address:
  • 1111 Dr. Frederik-Phillips Blvd Suite #644, Montreal, Quebec H4M 2X6, CA
  • 554 Fayette Dr, Mountain View, California 94040, US

Blockstream Roadmap

1
2014
  • Founded by Adam Back, Erik Svenson, Pieter Wuille, and others.
  • November 2014: Raised $21M in seed funding.
2
2015
  • June 2015: First version of Elements released.
3
2016
  • February 2016: Raised $55M in Series A funding.
  • July 2016: Bitcoin wallet provider GreenAddress is acquired.
4
2017
  • April 2017: Confidential Assets is released.
  • August 2017: Blockstream Satellite is launched.
  • November 2017: Digital Garage invests in Blockstream, raising total funding to more than $80M.
  • December 2017: c-lightning, Blockstream’s implementation of the Lightning Network, is launched.
5
2018
  • January 2018: Lightning Charge is launched to support developers building applications on the Lightning Network.
  • March 2018: The Cryptocurrency Data Feed is launched in partnership with Intercontinental Exchange.
  • October 2018: The Liquid Network is launched in partnership with some of the world’s largest cryptocurrency exchanges and trading desks.
6
2019
  • January 2019: The Blockstream Satellite API is launched.
  • January 2019: Blockstream enter joint venture, Crypto Garage, with Digital Garage and The Tokyo Tanshi to expand Bitcoin application in Japan.
  • March 2019: Blockstream Green Wallet launched.
  • July 2019: Tether launches on the Liquid Network.
  • July 2019: Liquid support added to Green.
  • July 2019: Liquid support added to Lightning.
  • August 2019: Blockstream Mining service revealed.
7
2020
  • January 2020: Liquid Network support added for BTCPay Server.
  • March 2020: The Liquid Federation grows to 45 members.
  • May 2020: Blockstream Satellite 2.0 launched, providing expanded coverage and full-history sync support.
  • May 2020: Ledger adds support for the Liquid Network.
  • May 2020: Blockstream Green desktop app launched.
  • June 2020: Liquid Ventures Initiative launched to generate funding for startups building on Liquid.
  • July 2020: The Liquid Federation grows to 53 members.
  • October 2020: Announces the Blockstream Asset Management Platform (AMP), enabling programmable security tokens on Liquid.
8
2021
  • January 2021: Reveals Blockstream Jade, a fully open-source hardware wallet.
  • January 2021: The Liquid Federation grows to 59 members.
  • March 2021: Launches the Blockstream Mining Note (BMN), a security token that exposes investors to Bitcoin mining hashrate.
  • March 2021: Galaxy Digital taps Blockstream for mining colocation services.
  • April 2021: The first tranche of the BMN goes live on STOKR.
  • May 2021: Acquires Adamant Capital and establishes Blockstream Finance.
  • May 2021: BlockFi taps Blockstream for mining colocation services.
  • June 2021: Announces collaboration with Block Inc. to build an open-source, solar-powered Bitcoin mining facility in the US.
  • July 2021: On-demand Lightning node service Greenlight is launched.
  • July 2021: Completes a fully subscribed second tranche of the BMN and mining goes live.
  • August 2021: Blockstream Mining acquires Spondoolies with plans to build the world's first-ever enterprise-class miner.
  • August 2021: Launches Blockstream Energy with modular mining units (MMUs).
  • August 2021: Reaches unicorn status with a valuation of $3.2B.
  • August 2021: Secures $210M in Series B financing.
  • September 2021: Partners with Macquarie to explore zero-emission Bitcoin mining.
  • September 2021: Blockstream Talk podcast airs its first episode featuring Blockstream CEO Dr. Adam Back.
  • October 2021: RaspiBlitz integrates c-lightning.
  • October 2021: Sponsors MiniMint, bringing the privacy and scalability of e-cash to Bitcoin.
  • October 2021: Closes $16 Million BMN tranche, bringing total to $36 million.
  • October 2021: Specter Solutions adds support for the Liquid Network.
9
2022
  • January 2022: The BMN becomes available on Bitfinex Securities, a new STO platform.
  • January 2022: The Liquid Federation grows to 63 members.
  • January 2022: Liquid adds Taproot support.
  • March 2022: c-lightning is renamed to Core Lightning.
  • April 2022: The BMN is listed on MERJ, a global stock exchange.
  • April 2022: Breez integrates Greenlight to build non-custodial Lightning apps.
  • April 2022: Construction begins on solar-powered Bitcoin mine with Tesla’s solar and battery infrastructure powering the site.
10
2023
  • January 2023: Blockstream raises USD $125M to expand mining operations
  • February 2023: Blockstream announces the launch of the new Blockstream Research brand
  • August 2023: Blockstream Bets on ASIC Market Recovery with Launch of New ‘BASIC Note’ Investment Vehicle
  • October 2023: Blockstream Launches Greenlight for Scalable, Non-Custodial Lightning Integration

Project team

Adam Back
Adam Back
Co-founder & CEO
Adam Back linkedin
Erik Svenson
Erik Svenson
President & CFO
Erik Svenson linkedin
Lawrence Nahum
Lawrence Nahum
Chief Architect
Lawrence Nahum linkedin
Jeff Boortz
Jeff Boortz
Chief Product Officer
Jeff Boortz linkedin

Social media

Blockstream web-siteBlockstream RedditBlockstream MediumBlockstreamYouTubeBlockstream TelegramBlockstream LinkedInBlockstream X (Twitter)Blockstream FacebookBlockstream Github

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