ChainSafe Systems, one of the world’s top blockchain infrastructure firms, announced that it has secured US$18.75 million in an oversubscribed Series A funding round. The investment was led by Round13 with participation from new investors NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors Digital Finance Group, and Fenbushi Capital. Concurrent with the funding round, Khaled Verjee, Managing Partner of Round13’s Digital Asset Fund, is joining ChainSafe’s board of directors alongside founding members and current board member Joseph Lubin, co-founder of Ethereum and founder of ConsenSys Mesh – a long time investor and supporter of ChainSafe.
Headquartered in Toronto with offices in Berlin and Zagreb, ChainSafe operates globally and has more than 120 employees across 33 countries. The company was launched in 2017 after its founding team came together at an Ethereum meetup in Toronto.
“We have been close to ChainSafe since the early days when decentralized protocols were defining themselves and coming into their own. No organization has done a better job of establishing beachheads in important ecosystems and consistently making fundamental contributions. The people of ChainSafe combine integrity and excellence as well as any company in our ecosystem, and no organization has earned trust more broadly among its peers. This Series A raise enables ChainSafe to continue on its rapid growth path of strategic and synergistic protocol and product development,” said Lubin.
“Since 2017, ChainSafe’s work has been instrumental in developing the web3 ecosystem,” said Verjee. “Their research, development work, and products touch all aspects of today’s blockchain infrastructure. We look forward to having a front row seat to ChainSafe’s journey as the company brings its architecture to the forefront and makes it accessible to all.”
“ChainSafe was started with a vision that decentralized technologies could change the world. As time has progressed, the importance of our contributions has become increasingly clear. I am proud of ChainSafe’s impact on the community and, with new partners joining our team, we are looking forward to accelerating the growth of the web3 ecosystem,” said Aidan Hyman, CEO and co-founder of ChainSafe.
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