Corechain Secures $4.2 Million In Seed Financing; Tops $1 Billion In B2B Payments Volume

Apr 28, 2022•over 3 years ago

Amount Raised

$4.2 Million

Round Type

seed

New Haven

Description

CoreChain Technologies, the first digital B2B payments network built on blockchain, today announced that it has secured $4.2 million in Seed financing. The round was led by Ulu Ventures with participation from other existing investors including Connecticut Innovations, Bloccelerate VC and New Form Capital, as well as new investors, Motivate Venture Capital, SaaS Venture Capital, Next Coast Ventures, and Angeles Investors. To date, CoreChain has raised $5.5 million in total funding, including $1.25 million in pre-seed funding announced in August 2021.

Company Information

Company

Core Chain

Location

New Haven, Kentucky, United States

About

Launched in September 2020 and led by proven FinTech and blockchain entrepreneurs, CoreChain is the first digital B2B payments network built on blockchain, and is building a network of networks, which enables businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods, while unlocking lending opportunities for suppliers to finance working capital tied up in approved, but unpaid invoices. CoreChain uses enterprise blockchain technology to automate the exchange of transaction data and funds within a secure environment, using a trust network-of-networks, empowering B2B Marketplaces and B2B Software Platforms with $5 to $50 billion per year in existing commerce volume to offer payments and financing services to their buyers and suppliers via our API-centric, white-label platform. For more information, visit: www.corechain.tech