Ribbit Capital Leads $50M Investment in Blockaid: Securing the Future of Onchain Interactions

Wesley ParkTuesday, Feb 18, 2025 9:51 am ET
2min read



In a significant move that underscores the growing importance of blockchain security, venture capital firm Ribbit Capital has led a $50 million Series B financing round for Israeli onchain security platform Blockaid. Joining Ribbit Capital in this strategic investment are Google Ventures and existing investors, including Variant and Cyberstarts. This substantial funding will enable Blockaid to expand its operations and R&D efforts, further solidifying its position as the go-to security solution for onchain interactions.

Blockaid, founded by CEO Ido Ben-Natan and CTO Raz Niv, has rapidly established itself as the standard for onchain security since its launch in October 2023. The company has secured over $101 billion in assets and prevented more than $5.3 billion in potential losses, demonstrating its commitment to protecting users and organizations from advanced online threats. With a team of 70 employees across offices in Israel and New York, Blockaid has raised a total of $83 million since its inception.

Ribbit Capital's investment in Blockaid aligns with its history of backing innovative fintech companies, such as Robinhood and Revolut, that aim to disrupt traditional financial services. By investing in Blockaid, Ribbit Capital is recognizing the growing need for advanced security solutions in the blockchain ecosystem, as decentralized finance (DeFi) and other onchain applications continue to gain traction.

Blockaid offers four key advantages that make it an attractive investment for Ribbit Capital and other investors:

1. Exclusive access to real-time transaction data: Blockaid's direct integrations with the most used web3 wallets provide it with the industry's largest collection of real-time transaction data, enabling it to better understand and anticipate potential threats.
2. Advanced machine learning models: Blockaid's advanced machine learning models, optimized for comprehensive threat detection, help it identify and mitigate potential security risks more effectively than competitors.
3. Internet-wide monitoring: By monitoring the internet for risks before they reach the blockchain, Blockaid can proactively protect its clients from potential threats.
4. End-to-end security platform: Blockaid is the only platform that provides real-time protection for both internal teams and end users, ensuring that all aspects of a client's onchain interactions are secure.



In 2024, Blockaid outpaced its revenue targets amid surging demand for comprehensive blockchain security solutions. The company scanned over 2.4 billion transactions, secured more than 787 million dApp connections, protected over $101 billion worth of user funds, detected and blocked more than 71 million attacks, and identified over 15 million malicious dApps. With the second half of 2024 seeing $8.5 trillion in stablecoin transaction volume across 1.1 billion transactions, comprehensive security has become more crucial than ever.

Blockaid's expansion plan, which includes investing in R&D and operational growth, directly addresses the evolving threats and demands in the onchain security landscape. By staying ahead of the curve and maintaining its position as the standard for onchain security, Blockaid is well-positioned to continue protecting the largest companies building onchain, including Coinbase, Metamask, Stellar, Uniswap, and World App.

In conclusion, Ribbit Capital's $50 million investment in Blockaid highlights the growing importance of onchain security in the blockchain ecosystem. With its advanced security solutions and commitment to staying ahead of evolving threats, Blockaid is poised to continue protecting users and organizations from advanced online threats, ensuring the safety and integrity of onchain interactions.

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