Chainstack Secures Strategic Investment from Top Venture Partners for Web3 Infrastructure

Chainstack, a global leading Web3 infrastructure provider, has secured a strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures.

According to the Singapore-based provider, this investment will enable significant advancements in Chainstack's product offerings, particularly focusing on enhancing its core product offerings, customer usability, and automation.

Kevin Low, SVP at SBI Ven Capital, said: "Chainstack's exceptional ability to simplify blockchain infrastructure for both Asia and the global market is setting new standards for the industry."

Anton Vasilev, Managing Partner at Unicorn Factory Ventures, said: "As a fund deeply rooted in Web3, we recognize Chainstack's potential to revolutionize decentralized technology. Chainstack's infrastructure solutions are poised to drive unprecedented growth and innovation for the industry."

Jan-Jaap Jager, CEO at Chainstack, added: "This investment marks a milestone in Chainstack's journey, confirming our position as a sustainable Web3 infrastructure leader. Looking ahead, we're invigorated to continue on our mission to simplify blockchain technology for builders all across the world, driven by customer feedback and our commitment to exceptional developer experience. Moreover, we anticipate a significant shift in the blockchain infrastructure market towards commoditization, which we believe will lead to better price performance and enhanced accessibility, greatly benefiting users and developers alike."