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Kleiner Perkins joins $24.5M funding led by Blockchain Capital for Bison Trails

Kleiner Perkins has joined a $24.5 million Series A funding round for Bison Trails, a provider of blockchain protocols, which was led by Blockchain Capital to develop the firm’s infrastructure services.

Other participants included Coinbase Ventures, ConsenSys, A Capital, Collaborative Fund and Sound Ventures as new investors. Galaxy Digital and Initialized, as early backers, joined this latest round after participating in a $5.25 million seed round in March.

Bison Trails became one of the 21 founding members for Facebook’s Libra Association in October, boosting its somewhat flagging reputation as a global infrastructure service provider after high profile players like PayPal pulled out.

That makes Bison Trails the only blockchain infrastructure firm in the Libra project.

The New York-based startup helps customers deploy the participation nodes on any blockchain, without having to develop their own supporting technologies such as security, and serves more than 20 protocol projects.

In a statement, Kleiner Perkins investing partner Monica Desai said: “Bison Trails realized early that node infrastructure would become a bottleneck to blockchain adoption, which is why they created a decentralized, user-friendly solution.”

“When we started building Bison Trails, we wanted to bring transparency and ease to entrepreneurs bold …read more

Thank you Source: Startups

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