What is Chain?
Chain provides enterprise-grade stablecoin infrastructure designed to streamline global payments, card payouts, and wallet services. Their innovative solutions facilitate the seamless conversion between stablecoins and fiat currencies, enabling instant settlements and significantly reducing operational complexities for businesses. Chain targets a diverse clientele, including banks, payment providers, fintech companies, and regulated platforms, offering them robust tools for transparent and compliant fund management. With direct access to major banking networks, Chain empowers its clients to execute real-time transactions across various currencies on a global scale, positioning itself as a key player in the digital finance ecosystem.
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 RRE Ventures LLC. and Khosla Ventures
Other Financing Round (2014): $4.2M led by Firestartr, Semil Shah, Betaworks, RRE Ventures, SV Angel, BoxGroup, and Thrive Capital
Series A (2014): $9.4M supported by SV Angel, Khosla Ventures, 500.com, Homebrew Management LLC, Pantera Capital, Thrive Capital, and RRE Ventures
Series B (2015): $27.4M featuring Fiserv, Capital One Financial Corp., Visa Inc., Nasdaq Inc, RRE Ventures LLC., SV Angel, Khosla Ventures, Orange SA, and Thrive Capital
Series C (2015): $30M backed by Khosla Ventures
Key Investors in Chain
RRE Ventures LLC.
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey. The firm invests in a diverse portfolio of startups, focusing on long-term partnerships with entrepreneurs.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses. They prioritize building strong partnerships by advocating for founders and providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for Chain?
The substantial enterprise-level funding and recent strategic investment indicate Chain is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of their stablecoin infrastructure, enhance their global reach, and strengthen partnerships with financial institutions. Chain's focus on compliance and integration with traditional banking networks suggests a strategic approach to bridging the gap between decentralized finance and the established financial world. Future growth may involve expanding their service offerings, entering new geographic markets, and solidifying their position as a leader in secure and efficient digital asset settlement solutions.
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