Blockchain Infrastructure Firm ChainSafe Raises $18.75 Million in Series A Funding

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.

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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. As ChainSafe looks ahead to the future, it will use this investment to enhance its support for the adoption and sustainable growth of the web3 ecosystem.

One of the company's flagship products is web3.unity, a software development kit (SDK) for connecting Unity games with blockchain technologies. Web3.unity is designed to reduce complexity and introduce a new level of ownership to gaming.

With a multi-chain approach, ChainSafe is creating open-source infrastructure and tooling that empowers developers to build the decentralized web. With this investment, ChainSafe will accelerate product development, continue building its team, and fuel the adoption of web3 technology.

"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.