What is Chain?
Chain provides a robust technological framework designed to facilitate seamless stablecoin integration for large-scale enterprises. The company's core value proposition lies in its ability to offer instant settlements and efficient conversion between stablecoins and fiat currencies, effectively reducing the operational friction typically associated with cross-border transactions. By targeting regulated entities, including payment providers and banking networks, Chain delivers a transparent and compliant environment for managing digital funds. Its infrastructure is engineered to support the high-volume demands of modern financial services, ensuring that clients can execute real-time transactions with precision and security.
How much funding has Chain raised?
Chain has raised a total of $75M across 5 funding rounds:
Private Equity
$4M
Other Financing Round
$4.2M
Series A
$9.4M
Series B
$27.4M
Series C
$30M
Private Equity (2013): $4M with participation from Khosla Ventures and RRE Ventures LLC.
Other Financing Round (2014): $4.2M led by SV Angel, Thrive Capital, BoxGroup, Semil Shah, Firestartr, Betaworks, and RRE Ventures
Series A (2014): $9.4M supported by Pantera Capital, Khosla Ventures, 500.com, Homebrew Management LLC, SV Angel, Thrive Capital, and RRE Ventures
Series B (2015): $27.4M featuring Khosla Ventures, Orange SA, SV Angel, Thrive Capital, Visa Inc., Fiserv, Capital One Financial Corp., Nasdaq Inc, and RRE Ventures LLC.
Series C (2015): $30M backed by Khosla Ventures
Key Investors in Chain
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, focusing on a broad range of areas including enterprise, fintech, and financial services.
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey, investing in a diverse portfolio of startups to foster long-term growth.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Chain?
Looking ahead, the strategic deployment of the $30M will likely focus on expanding Chain's footprint within the global banking ecosystem. As the demand for real-time, blockchain-enabled payment solutions continues to rise, the company is expected to enhance its suite of tools for card payouts and wallet management. By leveraging its existing partnerships with major financial institutions, Chain is poised to drive further adoption of its infrastructure, potentially setting new standards for transparency and compliance in the digital asset space. The firm remains committed to refining its technology to meet the evolving needs of the fintech sector, ensuring that its platform remains the preferred choice for institutions seeking to modernize their payment architecture.
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