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Blockstream
Blockchain technology solutions
- 21-100 employees
- Fintech
- B2C
- B2B
- Cryptocurrency
- Blockchain
- Web 3.0
- Saint-Laurent, Montreal, QC
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Company mission
Blockstream's mission is to create the financial infrastructure of the future.
30% employee growth in 12 months
Our take
Bitcoin’s blockchain shows great potential to form the future foundation of financial infrastructure. However, working in advanced areas such as Bitcoin mining, asset issuance, and the Lightning Network goes beyond the fundamental framework, and requires expensive assistance from blockchain engineers. Blockstream develops technology to make it easier for businesses and individuals to make use of the Bitcoin blockchain, opening it up to a wider range of users.
Blockstream's offerings include tech to help people utilize advanced technology within the Bitcoin blockchain, including microtransactions on the Lightning Network, enterprise-class Bitcoin miner hosting, and layer-2 digital asset issuance. The company also provides Blockstream Satellite, a technology that leverages satellites to stream blockchain transactions without the internet, preventing them from being disrupted by connection loss.
Whilst the technology Blockstream is facilitating access to already exists, the company has smartly recognized the inaccessibility of its advanced features, and found its niche in providing an easier way to work with the technology. Recently, the company raised significant investment that will enable it to expand its Bitcoin mining facilities amid increasing demand for large-scale hosting services.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Health Insurance
- Flexible Spending Account (FSA)
- Occupational Accident Insurance
- Disability Insurance
- Dental Insurance
- Health Savings Account (HSA)
- Supplemental Life Insurance
- Vision Insurance
- Life Insurance
Company values
- Permissionless innovation: The success of the internet in recent years is built on permissionless innovation. Nowhere is this kind of progress more important than in the financial industry.
- Don’t trust. Verify.: We believe in empowering individuals and businesses to take control of their own finances and reducing the need for trusted third parties.
- Open finance for everyone: We build software that accelerates the adoption of Bitcoin and peer-to-peer finance for a fairer financial system that benefits everyone, not just a privileged few.
Funding (last 2 of 5 rounds)
Oct 2024
$210m
CONVERTIBLE
Jan 2023
$125m
CONVERTIBLE
Total funding: $621m
This company has top investors
Leadership
Erik Svenson
(President & CFO)Experience as Vice President of AIG Investments. COO of Dan's Plan from 2010 to 2014.