BlockJoy Secures Nearly $11 Million from Gradient Ventures, Draper Dragon, Active Capital, and more to Launch Decentralized Blockchain Operations

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Boston, MA, 2nd February, 2023, Chainwire

BlockJoy, the company providing a whitelabel blockchain nodes-as-a-service for node hosting enterprises, today announced the successful close of nearly $11 million in combined Seed + Series A funding from Gradient Ventures, Draper Dragon, Dragon Roark, Active Capital, Borderless HNT, and Renegade Ventures, among others. The funding will be used to support the launch of BlockVisor, the company's patented node management software, which is now open for beta sign-ups. BlockJoy enables customers to deploy and run decentralized blockchain nodes on any infrastructure while maintaining a cloud-like experience at up to 80 percent cost reduction from traditional cloud providers.

Created to combat the lack of decentralized infrastructure suitable for blockchains, BlockJoy provides a node management solution that is two to three times less expensive than traditional cloud providers. Enterprises can deploy and manage blockchains, nodes, validators and ETLs (extract, transform, load) with a click of a button, anywhere in the world. 

BlockJoy began as a staking service side project for CEO Chris Bruce and CTO Sean Carey's friends and families. However, the venture quickly took off once the founders began leveraging their platform to run nodes for businesses. Prior to founding BlockJoy, Bruce was on the founding team of four venture-backed companies with two exits, including Lumeo, Diversion, Sproutling (acquired by Mattel), and Rupture (acquired by Electronic Arts). Carey co-founded Helium with a $1.2 billion valuation and scaled the popular GIF-sharing