Loading organizations...
§ Private Profile · Brooklyn, NY, USA
Blockchain IaaS provider offering secure node operation and staking for enterprises and developers on PoS networks.
Bison Trails has raised $31.0M across 2 funding rounds.
Key people at Bison Trails.
Bison Trails has raised $31.0M in total across 2 funding rounds.
Based in New York, New York, Bison Trails provided enterprise-grade blockchain infrastructure as a service, enabling institutions, professional investors, and developers to run nodes and participate in proof-of-stake networks without managing hardware. The platform offered node staking services, data querying capabilities, and multi-chain support for decentralized networks including Ethereum, Polkadot, and Solana. Prior to its eventual acquisition, the company raised $31.25 million in venture funding from prominent institutional investors such as F-Prime Capital, Initialized Capital, and Accomplice. Coinbase acquired the 31-employee startup in January 2021 to integrate its core technology into the broader Coinbase Cloud ecosystem. Operating as a subsidiary under its parent company, the infrastructure provider generated an estimated $6 million in annual revenue during the 2023 fiscal year. Bison Trails was founded in 2018 by Joe Lallouz and Aaron Henshaw.
Bison Trails has raised $31.0M across 2 funding rounds. Most recently, it raised $26.0M Series A in November 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2019 | $26M Series A | Blockchain Capital | 9Yards Capital, Accel, Adjacent, Archetype, Benchmark, Converge Venture Partners, Frontier Ventures, Initialized Capital, Kleiner Perkins, Paradigm, Ribbit Capital, Sound Ventures, Sozo Ventures, Verified Capital, A Capital, Emilie Choi, Collaborative Fund, ConsenSys, Ethereal Ventures, Galaxy Digital | Announced |
| Mar 1, 2019 | $5M Seed | — | 9Yards Capital, A Capital, Accel, Addition, Adjacent, AIX Ventures, Archetype, Benchmark, Betaworks Ventures, Converge Venture Partners, E1 Ventures, Factorial, Frontier Ventures, Galaxy Digital, Initialized Capital, LUX Capital, Otherwise Fund, Paradigm, Polychain Capital, Presence Capital, Ribbit Capital, Sequoia Capital, Sound Ventures, Sozo Ventures, Summit Partners, Thirty Five Ventures, Verified Capital, Augusto Marietti, Bill TAI, Brad Bitler, Brock Pierce, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronny Conway, Thibaud Elziere | Announced |
Bison Trails was a blockchain infrastructure platform that provided secure, multi-cloud node hosting, data querying, transaction services, and proof-of-stake (PoS) staking for blockchain operators and developers.[1][2][5] It served blockchain networks, developers, enterprises, and companies participating in PoS consensus to earn rewards, solving challenges like secure node operation, high uptime, DDoS protection, and easy staking without managing complex hardware.[1][2][3][6] Founded in 2018 and headquartered in New York, the company raised $31.25M before being acquired by Coinbase in January 2021, after which its services integrated into Coinbase's developer platform, contributing to Coinbase's blockchain tooling growth.[1][2]
Bison Trails was founded in 2018 by a team of seasoned software, hardware, and embedded systems engineers with over 15 years of experience in distributed systems.[1][3] The idea emerged from the need for reliable infrastructure to support emerging blockchain networks, including proof-of-work (PoW) mining hardware operation and PoS node validation across data centers in North America.[3][5] Early traction came from committing to testnets, building secure data centers, and offering services like node operation with 99.9% uptime, which attracted investors like F-Prime Capital in 2019 and led to rapid scaling before the Coinbase acquisition in 2021.[2][3][6]
Bison Trails rode the early blockchain infrastructure wave, capitalizing on the shift from proof-of-work to proof-of-stake networks amid rising demand for decentralized apps, DeFi, and institutional crypto adoption around 2018-2021.[1][2][3] Timing was ideal as blockchains like Ethereum transitioned to PoS, needing scalable node ops amid scalability bottlenecks and security risks that deterred enterprises.[1][3] Market forces like crypto market booms, regulatory clarity pushes, and developer tooling gaps favored its multi-region, high-uptime model, influencing the ecosystem by lowering barriers for staking participation and data access, paving the way for competitors like Blockdaemon and its integration boosting Coinbase's Web3 dominance.[1][2]
Post-2021 acquisition, Bison Trails operates as part of Coinbase's infrastructure suite, likely evolving with trends like multi-chain support, AI-driven blockchain analytics, and layer-2 scaling as PoS networks proliferate.[2] Expect enhancements in Coinbase Cloud for real-time data/staking amid growing institutional demand, shaped by regulatory tailwinds and Ethereum's full PoS maturity. Its legacy endures in standardizing secure infra, potentially amplifying Coinbase's role in the maturing crypto ecosystem—echoing its origins as a builder of decentralized reliability.[1][2]
Key people at Bison Trails.
Bison Trails has raised $31.0M in total across 2 funding rounds.
Bison Trails's investors include Blockchain Capital, 9Yards Capital, Accel, Adjacent, Archetype, Benchmark, Converge Venture Partners, Frontier Ventures, Initialized Capital, Kleiner Perkins, Paradigm, Ribbit Capital.
