# StrongBlock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/strongblock

- Industry: Business Support Services
- Headquarters: Santa Monica, US
- Website: www.strongblock.io
- Total disclosed funding: $4M
- Latest round: Seed (Mar 6, 2019)
- Investors on record: 3

## About

StrongBlock provides innovative Nodes-as-a-Service (NaaS) solutions, facilitating user participation in blockchain networks without the complexities of traditional node management. This service empowers users to earn rewards effortlessly.Founded in 2018 by David Moss, StrongBlock is headquartered in Santa Monica, US. The company specializes in simplifying blockchain engagement through its NaaS offerings. In March 2019, StrongBlock raised USD 4 million in Seed funding led by Pangea Blockchain Fund, with participation from Copernicus Wealth Management and Magnetic Capital. The firm has completed one deal to date, focusing on enhancing user access to blockchain technologies.StrongBlock offers a pioneering service known as Nodes-as-a-Service (NaaS), which simplifies participation in blockchain networks for users seeking rewards. This service allows customers to quickly set up a node and earn rewards without the complexities traditionally associated with running a blockchain node. The NaaS app supports various blockchain networks, including Ethereum, Polkadot, Polygon, and Fantom, catering to a diverse clientele that includes individual investors and blockchain enthusiasts. StrongBlock addresses barriers to entry in blockchain participation, targeting users interested in the blockchain revolution but finding technical aspects daunting.StrongBlock generates revenue primarily through its NaaS offerings, where users pay for the ability to set up and operate blockchain nodes. The transaction structure focuses on a subscription model, allowing users to access services with a straightforward signup process. Customers engage with StrongBlock’s platform to earn rewards linked to their node operations, contributing to a revenue stream that aligns with customer success. StrongBlock’s flagship and trademarked services are intrinsically linked to its NaaS model, providing a unique value proposition in the cryptocurrency market.With the recent Seed funding of USD 4 million raised in March 2019, StrongBlock plans to enhance its NaaS offerings, focusing on developing new products to improve user experience. The company aims to expand its services into emerging markets in Asia and Europe, targeting specific regions with high cryptocurrency engagement by the end of 2023. The funding will be utilized to support these initiatives, further solidifying StrongBlock's position in the blockchain ecosystem.

## Funding rounds

- Seed, Mar 6, 2019, $4M — Pangea Blockchain Fund, Copernicus Wealth Management, Magnetic Capital

## Investors

- Pangea Blockchain Fund (https://capitalatlas.ai/funds/pangea-blockchain-fund) — Seed
- Copernicus Wealth Management — Seed
- Magnetic Capital (https://capitalatlas.ai/funds/magnetic-capital) — Seed