Chain raised $9 M in a new round of funding on 2014-08-20.

According to media reports, Chain raised $9 M in a new round of funding on 2014-08-20. the investors in this funding round include Khosla Ventures,RRE Ventures,SV Angel,Thrive Capital and others. Following this round, Chain's total funding reached $39 M.

Chain is a blockchain-based technology company on a mission to enable a smarter and more connected economy. Chain builds cryptographic ledgers that underpin breakthrough financial products and services, powered by Sequence—a ledger-as-a-service for managing balances. Sequence combines the power of a token-based data model with the convenience of the cloud, making it easy to build, operate, and scale forward-thinking products. It is used by a diverse set of companies, including mobile wallets, crypto asset exchanges, lending platforms, asset managers, and many more. Any application that needs to record transactions and calculate balances can benefit from using Sequence. Founded in 2014, Chain has raised over $40 million in funding from Kholsa Ventures, Pantera Capital, Capital One, and Visa. In 2018, Chain was acquired by Stellar to form Interstellar, a commercial arm to the Stellar Foundation. In 2020, Chain was re-acquired to continue its mission.